Word: ingot
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...based on the expansion programs of 20 big companies. Sawyer, who thinks that the best way to carry the rearmament burden is to expand production rather than cut civilian consumption, summed up: "The peak of military requirements and consumption during World War II was in 1943 when 53 million ingot tons of steel were required. By the end of 1952 our steel capacity will be more than double that figure...
...majority of the war-built aluminum plants. But to Roy Hunt's dismay, nothing he could do was enough to satisfy the trustbusters; in 1948 they marched back into court to demand that Alcoa's properties be carved up on the grounds that it still monopolized aluminum ingot production. Last week, at long last, it was Alcoa's turn to win a round. In a 180-page decision, Manhattan's Federal Judge John C. Knox refused to order Alcoa broken up. His reason: since 1947, Alcoa's share of the U.S. aluminum business had dropped...
...British industries was up 12% over 1947, although the number of workers had increased only 2%. This meant that the individual British worker worked harder and more efficiently. The most striking success was achieved by Britain's steel industry, still free-enterprising, which produced nearly 15 million ingot tons, substantially bettering the target set by government planners the year before. This was more steel than Britain had ever produced in any one year...
Steel production of 88.5 million ingot tons, while it was about 4% above 1947, was still below 1944's record production. Although steelmen blamed the shortage on "abnormal demand," the fact was that steel capacity and production had not even kept pace with the normal growth of population. In 1948, capacity per capita was only slightly more than it had been in depression 1932; production per capita -.as below 1941. Those who talked of "abnormal demand of the boom" failed to take into account the fact that much of it would be normal demand from now on, not only...
...face of this, Alcoa's President Roy A. Hunt snapped: "Pure election-year politics." He pointed out that his competitors, Reynolds Metals and Kaiser's Permanente Metals Corp., now have 50% of the aluminum ingot market. And they are finding it profitable. Permanente, producing 20% of the U.S.'s basic aluminum, last week reported twelve-month sales of $69.6 million, a net of $9.2 million...