Word: armco
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Steelmen last week started making noises about a new price boost. In Pittsburgh, National Steel Corp.'s Chairman Ernest T. Weir called in reporters and told them: "The [steel] industry basically does not make enough money. Its prices are too low." Armco's President Weber W. Sebald said that his company is studying its price lists, and expects to make some upward adjustments soon. At a Miami convention of steel distributors, U.S. Steel's Chairman Ben Fairless referred to the "sub-competitive price" of steel, and said: "There's no fat left on our financial bones...
CHARLES RUFFIN HOOK JR., 38, vice president in charge of personnel of the Chesapeake & Ohio Railway Co., to be Deputy Postmaster General. Son of a wealthy Ohio industrialist (now board chairman of Armco Steel Corp.), handsome Charlie Hook married a Morgan heiress, is a popular and ornamental member of Cleveland society...
...Aurora, Minn, plant is the only one producing the walnut-sized pellets in commercial quantities. U.S. Steel, which has felt no rush for substitutes because it owns the biggest share of the remaining rich ores, has been content to build two pilot plants. But Republic Steel and Armco, not as well supplied, 18 months ago went into taconites in a big way through their joint subsidiary, Reserve Mining Co. (TIME...
...larger steel companies were hit even harder by taxes. Republic's net slipped from $16,621,334 to $12,271,377, Armco's from $11,894,130 to $10,443,239. Yet the smaller steel companies, with a more favorable tax base, turned in some impressive rises. Wheeling Steel's net shot up from $2,998,696 to $5,043,744, and Barium Steel turned a $95,836 loss into a $1,875,509 profit...
...Steel Corp.'s new $400 million plant near Morris ville, Pa. The "Fairless Works" will pour 1,800,000 tons of steel a year, add about 5% to Big Steel's capacity. But the Morrisville plant was just the start of a rush; Jones & Laughlin, Armco Steel and Bethlehem were also hustling to multiply their capacity, along with a swarm of hastily formed new steel companies...