Word: armco
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Dates: during 1970-1979
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...department has filed roughly the same number of cases as in previous years, it has doubled the number of criminal actions−from eleven in 1971 to 23 in 1972. Last month three of the nation's largest steel producers−U.S. Steel Corp., Bethlehem Steel Corp.and Armco Steel Corp.−were charged with conspiring to monopolize the Texas market for reinforcing bars. Indictments have also been returned against three major trucking firms charging them with trying to force competitors out of business. In Los Angeles, the Justice Department is conducting an investigation to determine if there...
...that the increases are needed to provide money to expand their plants. Some add privately that they can present cost data that would justify a lift of 6%. Their case was weakened by unrelated but embarrassingly timed indictments handed down by a federal grand jury, charging U.S. Steel, Bethlehem, Armco and 14 smaller companies with fixing prices on certain products in Texas...
...Price Commission continued to toughen its regulation of the companies with annual sales of $50 million or more that must report price and profit data. The commission ordered more rollbacks involving major companies, though relatively minor products. Textron Inc., for example, must rescind a price increase on snowmobiles, and Armco Steel will have to cancel hikes on such merchandise as soap and hammers sold in its oilfield supply stores, which account for less than 1% of Armco's sales. Both companies were also ordered to refund money to customers who were charged the higher prices. Associated Wholesale Grocers, which...
...Minnesota, its Mesabi Range depleted of rich iron ore by a half-century of open-pit mining, teetered on the brink of economic collapse. Then engineers devised a method of extracting iron from crushed taconite, a flintlike rock that contains some 25% iron. Reserve Mining, which is owned by Armco and Republic Steel, easily obtained dumping permits on the assumption that the gray torrent of taconite would sink 900 feet to the bottom of the lake's "Great Trough...
...When the EPA was just a week old, Ruckelshaus startled the mayors of Atlanta, Detroit and Cleveland by giving them 180 days to come up with a plan to correct water-quality violations-or else. In ensuing months, he ordered action taken against some 185 other water polluters, including Armco Steel, U.S. Steel, Koppers, U.S. Plywood-Champion, ITT Rayonier and a host of municipalities. The agency recently broke all precedent by getting a federal court order forcing 23 plants in Birmingham to cut back on production during a five-day temperature inversion that was creating dangerous air pollution. Mercury discharges...