Word: armco
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Dates: during 1950-1959
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...Armco...
...eleven of the twelve boosts since World War II, this time plainly intended to let someone else lead the way-and take the political walloping that was sure to follow. Moreover, Big Steel probably needed a raise least, because of increased efficiency in its operations (see below). Last week Armco Steel's President R. L. Gray finally took the step, raised the price on flat rolled products (35% of all steel production) $4.50 a ton. The rest of the industry, including Big Steel, joyfully followed, spreading the raises to virtually all steel production. Democratic Senator Estes Kefauver promptly called...
...nation's biggest steelmakers seemed in no rush to hike prices. U.S. Steel said only that it was "studying" Alan Wood's move: so were Bethlehem Steel, Youngstown Sheet & Tube, Armco Steel and Jones & Laughlin, which added that it would not raise prices until U.S. Steel took the lead. Said Big Steel's Chairman Roger M. Blough: "Our immediate conclusion is not to attempt to change our prices until the situation is clarified." When that might be, added Blough: "We cannot forecast." But for years, steel prices have climbed, along with boosts in minimum wages (see chart...
...kidney. Now she had none-and no human can stay alive without a kidney. Surgeon Reese's next swift decision was to transfer her to Boston's Peter Bent Brigham Hospital, where he knew that a medical team could keep her alive temporarily with an artificial kidney. Armco Steel Corp., which employs two of her brothers, flew Mrs. Lowman and Dr. Reese to Boston at once in a company...
Despite all fears about lower operating rates, few steelmen had poor business to report. National Steel, Armco Steel and Bethlehem Steel all had good sales and earnings, Bethlehem with its best earnings ever (see PERSONNEL). And for U.S. Steel, Chairman Roger M. Blough noted nine-month earnings of $329 million for a 9.7% return on sales v. $243.3 million and an 8% return in 1956. All told this year, said Blough, the industry will produce 115 million tons, just under the 1956 level. Next year, though the industry may slip back to an operating rate somewhere between...