Word: ingots
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ROGER M. BLOUGH, chairman, U.S. Steel Corp. (see above): "Steel ingot production should approximate last year's total of about 115 million tons-give or take a few percentage points...
...Rebecca gave her married name to the company, actually ran it herself for 22 years), Lukens has been nudged out of its modest niche by the big demand. Last week President Huston announced that the company will launch a $33 million expansion program that will boost Lukens' rated ingot capacity by nearly 25% to 925,000 tons...
...producer, with assets of $2 billion and ingot capacity of 20 million tons, and Youngstown Steel, sixth biggest producer (assets $574 million, ingot capacity 5.8 million tons). The Antitrust Division, which had already warned Beth Steel it would fight the plan, promptly filed suit under Section 7 of the Clayton...
...Avery C. (for Comfort) Adams, 58, moved up from president and chief executive of the nation's 13th-ranking steel company, Pittsburgh Steel (ingot capacity: 1.3 million tons), to the presidency of the fourth largest, Jones & Laughlin Steel Corp. (ingot capacity: 6.2 million tons). Yaleman Adams, a slender six-footer, started as an open-hearth laborer in 1919 at the old Trumbull Steel Co., where he worked up to assistant general sales manager. Later, he held vice-presidencies with Inland Steel Co., U.S. Steel Corp., Portsmouth Steel Corp., Detroit Steel Corp. Adams caught the fancy of Jones & Laughlin...
...months ago, Tix announced that another new steelmaking process had been developed-"electric-resistance heating," whereby an ingot can be heated to 1,000° C. in 60 seconds. The main advantage: quick, even heating prevents air from damaging surface, speeds up production...