Word: ingots
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...profit 142% over the first quarter in 1938. Steelmaster Tom Girdler's Republic Steel, No. 3 in the industry, earned $532,899 against $3,062,564 lost in the same quarter last year. National Steel, No. 5, still led the bigger fellows, however, earning more on its ingot capacity (71? per ton) than any of them, twice as much as in the first quarter...
When the steel industry announced 5~7% price cuts on most of its important products last June, ingot production stood at 28% of capacity. Since then it has increased steadily, reached 47.3%, highest it has been since last October. Whereas the industry could formerly break even at 45% with the old prices, it must now, however, produce at about 55 or 60% to stay out of the red. In an attempt to reach the break-even mark. U. S. Steel Corp. last week suddenly slashed steel rail prices for 1938's fourth quarter $2.50 per ton, bringing them into...
Four years ago Herbert W. Graham, supervising metallurgist for the fourth largest U. S. steel maker, Jones & Laughlin, persuaded his company to build a miniature steel mill for research. This $175,000 toy mill's open-hearth furnace, ingot molds, soaking pit and rollers produce one-inch square bars...
...early years of the steel industry was that every price pool ended in price chaos. Then along came a gentleman who also carried a big stick-stern Judge Gary of U. S. Steel Corp. Since Big Steel at the turn of the Century had 65% of the total ingot-steel capacity, Judge Gary could easily knock into line any other company which disregarded his price policy. But open price-fixing was illegal, so Judge Gary would give dinners for all the steelmasters; somehow, when the demitasse came round, everyone knew what to charge for steel. In 1911, when the Government...
Somewhat better than employment news were reports that lumber production, carloadings, power production, steel ingot production, although far below last year, were up last week, or better than the trend...