Word: ingot
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Dates: during 1940-1949
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...planners changed signals again on steel last week, recommended that ingot capacity be boosted from the present 88,569,970 tons to 98,279,970 tons by mid-1943, even if it takes more than 4,000,000 tons of steel desperately needed...
...possible? The U.S. has close to 50% of all the world's steel capacity, enough at full blast to roll out 90,000,000 ingot tons this year. How could this fail to be enough? There are all kinds of reasons-all of them shocking or tragic or both, none of them conclusive...
...result was the final absurdity of confusion: nobody in Washington could tabulate sense-making essential needs for even 85,000,000 ingot tons, but still practically no essential needs were being wholly filled. Sample confusion...
...June 27 week, and TIME'S Index ended at 174.6 (estimated), only 0.2 point below the alltime high. Of the Index's three ingredients, freight carloadings and power production dipped slightly, but steel mills boomed ahead. Last week they turned out 1,664,600 tons of ingot, lifting June output to the highest in U.S. history. Thanks to soaring production in the past six months, shipbuilding (Naval and Merchant) is now the No. 1 user of steel, this year will use about 10,000,000 tons of plates and shapes-roughly one-sixth of the total fabricated steel...
...tons a more likely 1942 figure, until after the curtailment of plant expansion announced by WPB April 25. This is by far the biggest single item in current steel demand. If completed, the 10,000,000-ton expansion of the steel industry itself would have used 4,160,000 ingot tons...