Steel: Midgets Beat Giants

When Manhattan's World Trade Center is topped off in 1974, it will turn part of the run-down lower West Side into a capital of banking, shipping, customs and other international trade services. The twin 110-story towers will require 190,000 tons of steel. Last week steelmen were debating some unusual details of the bidding for that job. More than that, builders were wondering whether the Port of New York Authority's unorthodox contracts for the supply, fabrication and erection of all that metal may lead to a new way of doing business with steel producers.

Out with the Offers. Negotiations started routinely...

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