Word: snapback
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
Rising demand, of course, does much to account for steel's snapback, but newly efficient plants help to produce the profits. Over the past decade, the industry has averaged more than $1 billion a year to expand, modernize and automate; it plans to invest $1.2 billion this year and $1.5 billion next. Last week National Steel opened a $100 million hot-strip mill near Detroit, and in Kentucky, Armco Steel brought in two new oxygen-process steel furnaces and started pouring iron from the largest blast furnace in the Western world (daily capacity: 3,340 tons). The payoff from...