TIME
Just as quotations of U. S. Steel are an index to the state of the stock market, so activity in U. S. Steel and other steel mills are a pressure gauge of general industry. Last week came reports of increases both in unfilled orders and in ingot production. U. S. Steel opened the year with unfilled orders totalling 4,417,193 tons, unfilled orders having increased 291,848 tons during December. Production opened last week at 60% of capacity, increased to 65%. Most active of the large steel companies was Bethlehem, which, operating at 45% of capacity at the time of the holiday shutdown, was last week running at 71% of capacity production.
More Must-Reads from TIME
- L.A. Fires Show Reality of 1.5°C of Warming
- Home Losses From L.A. Fires Hasten ‘An Uninsurable Future’
- The Women Refusing to Participate in Trump’s Economy
- Bad Bunny On Heartbreak and New Album
- How to Dress Warmly for Cold Weather
- We’re Lucky to Have Been Alive in the Age of David Lynch
- The Motivational Trick That Makes You Exercise Harder
- Column: No One Won The War in Gaza
Contact us at letters@time.com