Word: pig-iron
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...years ago No. 1 weathermaker Carrier Corp. sold Alabama's Woodward Iron its first blast-furnace installation. Result, says Woodward, was up to a 20% increase in pig-iron output, a 13% saving in coke per ton of iron. A new Jones & Laughlin installation in Pennsylvania hiked output 16-18% with a 4% coke saving...
...additions to pig-iron capacity are 71 going up fast.* The scrap shortage (estimated at 10,000,000 tons for 1942) drove Lessing Rosenwald, OPM's Conservation Chief, to announce a house-to-house drive at week's end. The Steelmakers meanwhile began getting more steel into munitions by cancellation of civilian orders and rearranging mill schedules. More than that they cannot do because steelmaking is a seven-day continuous operation and they were already working near capacity...
...contracts and advance the money. If it takes his Defense Plant Corp. as long to sign up for new steel as it has for new aluminum, the new tonnage may remain on paper indefinitely. In the two and a half months since OPM approved a 6,500,000-ton pig-iron expansion, Businessman Jesse Jones, tortured by post-war overcapacity nightmares, has signed up for barely half of that tonnage. With the scrap-iron shortage worse than ever,† he will have to finance a lot more pig iron, too, to support 99,000,000 tons of steel ingots...
Where the rest of the 15,000,000 tons will be located is not yet known. But it will probably hit the map at or near the spots where 6,508,950 tons (11%) of new pig-iron capacity, recommended by OPM last month, is scheduled to arise. In addition to enlargement and rehabilitation of existing blast furnaces, the pig-iron program includes ten new furnaces: one each at Gadsden and Birmingham, Ala., Cleveland and Youngstown, Ohio (for Republic Steel), at Johnstown, Pa. and Lackawanna, N.Y. (for Bethlehem), at Braddock, Pa. (for U.S.), at Pueblo, Colo, (for Colorado Fuel & Iron...
...boost pig-iron capacity 10% by building new furnaces would take at least a year, cost an estimated...