Word: ingot
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Dates: during 1930-1939
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...average of $1 a ton.* A typical example was steel bars, previously quoted in Pittsburgh at 1.60? a pound, now quoted at 1.65? against 1.90? a year ago. No impetus of buying caused this move, in which practically all the steel companies promptly followed-their-leader. Indeed, steel ingot production last week was slowed down to 39% of capacity. With prices so low, business so dull, few steel companies are covering their dividends, many more are not even earning profits. At last week's new price-scale, profits will run $2 to $4 a ton higher. Thus unless...
...Assets Ingot Capacity...
Just as quotations of U. S. Steel are an index to the state of the stock market, so activity in U. S. Steel and other steel mills are a pressure gauge of general industry. Last week came reports of increases both in unfilled orders and in ingot production. U. S. Steel opened the year with unfilled orders totalling 4,417,193 tons, unfilled orders having increased 291,848 tons during December. Production opened last week at 60% of capacity, increased to 65%. Most active of the large steel companies was Bethlehem, which, operating at 45% of capacity at the time...