Word: steeled
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Dates: during 1930-1939
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...Steel companies, faced with a $5 a ton rise in costs as a result of the $10 rise in scrap prices,* went on strike against $26 scrap, refused to buy till they got reductions of 25? to $1 a ton. Hard-bargaining Bethlehem managed to buy 90,000 tons in Buffalo at $22 to $23-a three months supply...
...Under the leadership of President Robert Wolcott of Coatesville, Pa.'s small plate-making Lukens Steel, which has already upped prices $5 a ton, steelmen formed a committee of 1,000 scrap-buyers, resumed their 1937 agitation for stopping tonnage export of U. S. scrap (favored by American Iron and Steel Institute President Ernest Weir, who also favors the embargo on munitions exports). There is a genuine scrap squeeze, mostly because Japan, England and other foreign buyers have taken 16,700,100 tons of scrap out of the U. S. in the last decade...
...Steel production rose from 88.6% to 90.3%. The Great Lakes division of efficient, profitable National Steel (which has a tonnage production monopoly in Detroit) had to close one of its 16 open-hearth steel ingot furnaces for too long deferred repairs. New York's Journal of Commerce commented sagely: ". . . May be a forerunner of a general condition in the industry...
...coal industry, one of the few industries really exporting its product (to neutrals whose English-German sources are cut off), was so swamped that paradoxically, in spite of steady, increasing exports to Canada, Bethlehem Steel ordered 6,000 tons of coke a month from the Steel Co. of Canada's Hamilton (Ont.) plant...
...Most steel is made about half of scrap, half...