STEEL: Payoff

Much of the recent news about Henry J. Kaiser's industrial empire has had a familiar ring: it concerned loans from RFC to the faltering Kaiser-Frazer Corp. Henry Kaiser, who had received $44 million for K-F and another $123 million for the Kaiser Steel Corp., was RFC's biggest single business loan.

Last week Henry had a different kind of news to report. The RFC, he said, would soon get back the $91 million it had lent to Kaiser Steel, which operates the Fontana (Calif.) steel plant. What was more, Kaiser planned to expand Fontana's capacity by 15% (to 1,380,000 tons a...

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