Word: ingot
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...CONTINUOUS CASTING. The idea is so obvious that Bessemer filed a patent on it 101 years ago, but complex production bugs stymied its use until recently. The ordinary method of casting is to pour the metal into ingot molds to harden, strip away the mold, reheat the ingot and roll it into semifinished shapes. Continuous casting eliminates these cumbersome steps. A ladle atop a tower pours white-hot steel into a 2-to-4-ft-deep oscillatfhg copper-lined mold. As the mold bottom is withdrawn, an unbroken billet of barely crusted steel creeps down through cooling water sprays...
...Gaulle might be permanently located in one money market, Paris for example, and accredited to different governments with the rank of "Permanent Ingot." Since the monetary system would depend on world confidence in his physical existence, he might be placed on a high throne above the squealing money-traders; and, if the amount of money in circulation depended on the General's evaluation of his role in history, there would be an ever-expanding supply of currency...
Stable Prices. These troubles have won Alcoa a reputation on Wall Street as a weak performer, but Harper insists that the company's fortunes should continue to brighten. Reason: aluminum demand is catching up with supply, and ingot prices have finally stabilized (at 24½? a lb.), even though the industry has two more producers and 35% more capacity than when its price troubles began. Aluminum is already a big item in everything from saucepans to Saturn rocket skins, but to advance Alcoa's recovery further Harper is pushing hard to get more aluminum into mass products-tops...
Then De Gaulle dropped an ingot that sent sound waves through the financial world: he called for a return to the gold standard, and a whole new approach to the international monetary system (see U.S. BUSINESS). Admittedly, said De Gaulle, such a measure would cause an enormous upheaval in the world financial structure-which these days is based largely on the dollar. But, De Gaulle went on, "there can be no other criterion, no other standard, than gold-gold that never changes, that can be shaped into ingots, bars, coins, that has no nationality and that is eternally and universally...
...dynamic montages of modern wealth. Fire and smoke belch forth from towering blast furnaces that gobble up a steady stream of coal, iron ore and limestone from huge supertankers. The Japanese take second place to no one as owners of the most modern steelmaking equipment, have 14 ore-to-ingot plants operating at nearly 95% of capacity and another four being built. Japan ranks second to the U.S. in up-to-date strip-mill capacity and produces 38% of its steel by the speedy, economical oxygen process, while only 10% of U.S. steel is made that...