STEEL: Land of Plenty

The tragic irony of the U.S.'s steel shortage was underscored last week by a new report on how much steel the U.S. can now produce. According to the American Iron & Steel Institute, U.S. steel capacity (conservatively rated a good 2½% below all-out capacity) was stepped up 628,350 tons in the first half of 1942 to a colossal 89,198,320-ton total. The increase alone meant enough ingots to build twelve more Victory ships or 1,200 medium tanks every month, and the new total represents 50% of all the world's steel and almost half again as much as the U.S. had at...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!