Word: ingots
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Dates: during 1940-1949
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...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...
With six plants in California and one each in Arizona and Texas, Consolidated is the biggest independent steel fabricator west of the Rockies. Its sale (for $8,293,319) would give Big Steel, which already has well over 51% of Pacific Coast ingot capacity, the lion's share of the fabricating capacity as well. This, said Justice Stanley Reed, who wrote the majority opinion, would in no way violate the Sherman Antitrust Act. "Size has significance ... in an appraisal of alleged violations," he conceded, "but the steel industry .is also of impressive size, and the welcome westward extension...
Britain and the U.S. announced last week that German industry in their two zones would be based on a production ceiling of 10.7 million ingot tons of steel a year. This was quite a jump above the 5.8 million ton level set last year for all of Germany...