Word: steeling
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Dates: during 1980-1989
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Bethlehem Steel...
...Steel...
...ahead, but few signs of it can be found in the industrial heartland. Despite the break in interest rates, company profits for the third quarter were down by about 21% on average from the same period a year ago. Many recession-battered firms in such bedrock industries as mining, steel and autos suffered stunning losses. Aluminum Co. of America ran a $14 million deficit, Bethlehem Steel Corp. lost $209 million, and Ford Motor Co. $325 million...
Despite last week's high, only General Electric at 93⅜ and American Brands at 49⅞ set price records, and a few were strikingly beneath their historic highs. U.S. Steel, reflecting the woes of its industry, closed at 19⅞%, down sharply from 108 in 1959. GM was at 57, half the 113¾% of 1965, before stiff competition arose from Japan...
...Crossings, Steel...