Word: ingots
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Dazzled by the happy tidings, newsmen turned to the Dunn report. But in Mr. Dunn's blend of statistics and technical language, they found no such rose-colored picture. In 1940 the U. S. produced 66,674,000 net tons of steel ingots-a record. But during December the industry was working at a yearly production rate of 77,496,000 tons. Dunn figures that present U. S. steel capacity can be upped to a "reliable capacity" of 87,576,099 tons, merely by cutting down the closed-for-repairs period by 25% and adding excess capacity...
...industrial promise for nearly 70 years, and expansion of its steel capacity is nothing new. Aluminum plants are more exciting: not only do they look permanent, but the Reynolds plant will give Alcoa (which is also expanding its Tennessee Valley capacity) its first real competition in ingot production. But to many Birmingham businessmen, anti-aircraft shells, powder and shell loading looked like stimulants that would soon wear off. Asking themselves what a powder plant could be used for in peacetime, they found no answer...
...Girdler echoed him: "If ev erything in this country was in as good shape as steel to supply the national-defense program and England, there would be nothing to worry about." U. S. Steel President Ben Fairless last fortnight made capital of the 12,000,000-ton steel-ingot expansion which his industry has completed since Depression...
...Meanwhile the National Resources Planning Board fortified the expansionist position with a steel report of its own. (Author: Louis Paradiso, under the direction of Gardiner C. Means.) Taking the long view of how much growing the U. S. has to do, it estimated pig-iron (and ferro-alloy), steel-ingot and rolling-mill capacity needed for full production at various levels of future national income...
...business judge companies by the dollars they earn for each share of their common stock. But steelmen have a score card all their own for the performance of each of the U. S.'s 15 leading steel companies. This is the dollars each earns per ton of ingot-making capacity...