Word: steel
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
...questionable whether persuasiveness, pressure or whatever name one gives the President's role in the steel negotiations [Sept. 10] should be referred to as "winning the biggest victory of all." Said Benjamin Franklin: "Those who would give up essential liberty to purchase a little temporary safety deserve neither liberty nor safety...
...Administration expects no notable overall rise in steel prices, chiefly because the steel industry continues to face rising competition from imports and from such home-grown competitors as aluminum, cement and plastics. The industry has already revised prices (mostly upward) on 20% of its products this year, usually by increasing the extra fees charged for finishing items to a customer's preferred size or weight. After inventories return to normal, it will probably tiptoe toward price boosts on such defense items as carbon sheet, bars, plates and tubes. Despite grumblings that the wage settlement with the union will cause...
Costly Stockpiles. Steel users stocked up so heavily as a hedge against a possible strike that many could operate for two months without buying any more steel. Some steelmen predict that a 30% to 40% drop in orders over the next four months will cut industry output from 75% of capacity to as little as 60% before orders rebound. The Government's experts, on the other hand, believe that the underlying demand for steel in an advancing economy remains so strong that the pace of production will be interrupted for no more than a few months while users whittle...
...major factor behind the manufacturers' desire to cut inventory is cost-in money tied up, storage, handling, insurance. One estimate is that the $1.5 billion worth of steel on hand before the settlement was costing users $20 million a month to carry in inventory. Many warehousers may continue ordering steel just to be safe, but take advantage of a steel industry practice: the right to cancel an order without penalty right up to the time the mills actually start executing it. Automakers, who absorb 12% of the nation's steel output, plan to work down their...
Oldest & Cheapest. During World War II, Allied bombing clogged the waterways with 4,000 sunken vessels, 370,000 tons of twisted bridge steel, 14 million cubic feet of concrete and rubble. Since the war, Germany has spent more than $1 billion to clear away the debris, rebuild the fleet, deepen the rivers and improve the country's 65 inland ports. Reason for continued reliance on the Continent's oldest form of transportation: it is still the cheapest way to ship bulk freight. To move a metric ton of coal from Duisburg to Mannheim, for example, costs...