In a costly surge, manufacturers last week boosted prices on a wide range of products. Steel started it, with the rest of the industry following the lead of U.S. Steel and raising prices of cold-rolled, galvanized and aluminum-coated sheets by $5 a ton. The hikes will be reflected in the costs of such items as autos, appliances and heavy machinery. Before the week was out, increases were announced in carpets, chemicals, plastics, flooring and glass.
Anticipating a probe from the Administration, U.S. Steel's Chairman Roger Blough, veteran of the classic 1962 confrontation with President Kennedy over steel prices, turned wry in...
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