Word: ingot
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Dates: during 1950-1959
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...Reversal. Specifically, the blowup was over the steel case, but that was just the ingot that broke Wilson's back. After the Wage Stabilization Board approved a bright package of benefits and increases amounting to 26.1? an hour for the steelworkers (TIME, March 31), Wilson hustled down to Key West to talk to the President. "I advised you it was my best judgment that if steelworkers received the whole package . . . inevitably other unions would demand and probably have to be given like consideration," wrote Wilson in his letter of resignation, "and that I did not believe the resultant inflationary...
Private investors are willing to plunk such huge sums into the Kaiser empire because, with the exception of K-F, it is making money fast. Fontana in the past five months alone has boosted ingot output by 16%, made more money in October than in any other month on record. Its earnings ($2,500,000 in the last quarter) are running 30% ahead of last year, v. a decline for the rest of the steel industry. Kaiser's aluminum company is also netting more after taxes than last year, despite a 60% increase in its tax bill. Kaiser...
...Kaiser Steel Corp. has just added an eighth open-hearth furnace to boost ingot capacity to 1,380,000 tons...
...President and his economic advisers* prescribed some vitamins, some exercise and a plainer diet. Steel capacity would have to be raised from 103 million to about 120 million ingot tons, electric power capacity from 67 to 87 million kilowatts. Besides adding another million men & women to the armed forces within a few months, the U.S. needed "probably not less than four million more in defense production by the end of the year." More women and oldsters would have to go into industry...
...boost its steel production, Youngstown Sheet & Tube Co. last week announced a $90 million expansion of its East Chicago (Ind.) mill. With 75 new coke ovens and a new 1,400-ton blast furnace, the new plant will raise Youngstown's steel ingot capacity by 20%, its pig iron capacity by 15%. When the new ovens are finished, Youngstown will move from sixth place among the steelmakers into a tie with fifth-place National Steel Corp. (capacity of each: 5,200,000 tons...