A good steelman can think of nothing more unpleasant in his industry than a rip-roaring price war. Such a thing has never happened in the U.S. since the Elder Morgan promoted U.S. Steel Corp. in 1901. On the subject of prices the typical 1936 steelman feels that the best status is the status quo.
Beneath this surface tranquillity, most frequently manifest in competitive bids which, when opened, turn out to be identical down to the last decimal, there has lately been distressing agitation. To get business from their big customers, steel companies have had to shade their published price lists. In...
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