Word: ingots
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Dates: during 1970-1979
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...biggest strain on production is the rapid surge in demand from consumers flush with rising incomes and businessmen raking in record profits. The steel industry is working at realistic capacity for the first time since the mid-1950s. Production has climbed to an unprecedented 3,000,000 ingot tons a week. Still, mills cannot keep pace with demand. Orders placed now for sheet steel will not be filled until August; buyers of stainless will have to wait even longer. Steelmen believe that customers are buying steel now before prices go higher. Last week U.S. Steel jacked up the cost...
...precious metal." The first medal sells for $1, and the rest in the series cost $10 each. But 525 grains of silver are worth only about $2 in the wholesale market. The Silver Coalition Ltd. offers a series of out-of-print U.S. currency struck on a small silver ingot. The first ingot of the series, issued in a limited edition of 10,000, contains 20 ounces of silver and sells for $200. The real wholesale market worth of 20 ounces of silver is about $36. Typically, the value of the silver in the medals and ingots is one-fourth...