STEEL: The Most

In the first seven months of this year, U.S. open hearth, Bessemer and electric furnaces turned out 51,242,929 tons of steel. This was more than the world had ever seen before in so short a time, 3% above last year's record for the same period, and less than 3% under their production for all twelve months of 1939, the last year of peace.

Day after American Iron & Steel Institute let go these whopping statistics, the Wall Street Journal added up the net income after taxes of 28 U.S. steel companies: for the first six months of 1943, twelve were...

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