As usual at this time in January, the output of iron & steel foundries perked up and the founders became as cheerful as recently they had been glum. U. S. iron & steel works have a practical capacity of 50,000,000 tons a year. Because the U. S. Steel Corp. was working at 60% of capacity and the several smaller companies at an average of 57½% of capacity during the Christmas holidays, the whole of 1927 seemed to have been a poor year for the industry. Yet, reported the American Iron & Steel Institute...
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