Word: steel
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Dates: during 1960-1969
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Last Traces. The dam project already has changed the life of Upper Egypt. The once-sleepy resort of Aswan, where thin-blooded Edwardians and the Aga Khan wintered, has become a boom town; its population has effectively tripled in the past four years to 140,000. Steel mills, nucleonics plants, and vast chemical complexes that will provide fertilizer to replace the lost Nile silt, are rising in what the Cairo press calls "the Pittsburgh of Egypt." Four resort hotels, plus the Aswan Hilton currently abuilding, loom glassy and air-conditioned ("TV in every room") above the Old Cataract Hotel, where...
...through the plane are details that cause cold shudders as well as admiration. Titanium and stainless steel skins are "sculptured" chemically, sometimes to a thinness of .007 in. to save ounces of weight. Electric motors run at a temperature that would bake a cake. Such novel techniques-and thousands more that have been used in the XB70A-are interesting but highly experimental. They will call for elaborate and repeated testing before the dangerous cobra can attempt its first high-speed flight, scheduled for this summer...
Rising output and job levels are getting a big boost from the nation's two most basic industries: steel and autos...
...Steel's output last week rose to the highest level in eleven months, and the industry is clearly headed for a record production year. Steel's wellbeing, of course, stems chiefly from the buoyant state of the auto industry, whose daily sales so far in May are running 1.5% ahead of last year's near-record rate. Ford is pacing the pack, has sold 20,454 Mustangs in the four weeks since the sports car's introduction. The other automakers also notice that their best-selling models are those that were either all new or sharply...
...work on Greece's second oil refinery. "Within 19 months," promised Jersey Executive Vice President William R. Stott, "this bare earth will be covered by a refinery producing 50,000 barrels a day of petroleum." Esso is also building a 200,000-tons-a-year ammonia plant, Republic Steel is expected to operate an $85 million steel mill, and the Ethyl Corp. will run a petrochemical plant. Altogether, the complex will provide 2,000 new jobs...