Word: steelmen
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Dates: during 1930-1939
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Steel. Last week the European Steel Cartel renewed itself, but has abandoned an ambitious program, will concentrate on settling Franco-German differences. In the U. S. steelmen cooperate as shown in the recent price raise (TIME, Dec. 15). The fact that most steel companies are completely integrated units is beneficial...
...dividends, many more are not even earning profits. At last week's new price-scale, profits will run $2 to $4 a ton higher. Thus unless the volume of steel business drops even lower, last week's price maneuver was decidedly bullish for steel companies. Confident were steelmen that the law of supply & demand will not work in their case. Rather, they contended that many a prospective buyer of steel has awaited lower prices, now will see he cannot get them, will rush into the market. Thus they viewed their move as a step toward new business activity...
...years, increased its capacity 30% this year alone. President of Michigan Steel is George R. Fink who formed it in 1922, making it the first steel company to have its manufacturing plant in the Detroit area. President of National Steel is also George R. Fink. Therefore no surprise to steelmen was the announcement last week that National will acquire Michigan...
Hiland Garfield Batcheller became president of Ludlum Steel Co. Steelman Batcheller left the sales department of Carnegie Steel in 1916 to become assistant to the president of Ludlum, was elected a vice president three years later. To all steelmen he is famed for his contributions to the development of alloy steels in the U. S. He has long been interested in the Krupp steel works of Germany, arranged for Ludlum to share in the U. S. production of two Krupp metals: nitralloy, a wear-resistant steel used chiefly in the automotive and airplane industries, and Strauss Metal, used for cutting...
...battle for proxies began, steelmen reviewed these figures (approximate...