Word: steelmen
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
...rest of the industry was quickly falling into line. Steelmen, who had just completed the biggest May production (9,900,000 tons) in history, and still have their mills booked to capacity months ahead, were willing to pay for uninterrupted production because recent price boosts had improved their profits picture. In 1951, price controls and allocations trimmed their margins, and in 1952 a 53-day strike trimmed them still more. Now, with all controls off, steel's indicated profits show signs of rivaling 1950's big year (see chart). Moreover, new price rises, estimated at $3 or more...
...talk to." White was right. Reuther's old political opponent, Steelworker President Dave MacDonald, was sure to push for a wage boost to equal the autoworkers' gains. In terms of cents per hour, union officials figured the pensions and benefits equaled about a dime-though many steelmen were now balking at any raise. In short, the steel negotiations, which opened on a note of optimism last month, were now clouded with uncertainty -and even the possibility of a strike...
...Steelmen last week started making noises about a new price boost. In Pittsburgh, National Steel Corp.'s Chairman Ernest T. Weir called in reporters and told them: "The [steel] industry basically does not make enough money. Its prices are too low." Armco's President Weber W. Sebald said that his company is studying its price lists, and expects to make some upward adjustments soon. At a Miami convention of steel distributors, U.S. Steel's Chairman Ben Fairless referred to the "sub-competitive price" of steel, and said: "There's no fat left on our financial bones...
Mindful of the possible repercussions on their approaching wage negotiations, steelmen were not thinking in terms of a flat, across-the-board boost; they had in mind individual adjustments on different kinds of steel. They would probably have little trouble getting higher prices from their customers. Even though steel output hit a new record of 28,900,000 tons in 1953's first quarter, supplies were still tight. Such big users as the automakers were still resorting to high-cost "conversion" deals (i.e., buying steel ingots from one company and having them rolled, for a fee, by another...
Government told steelmen to earmark 488,000 tons of steel for shells in the third quarter-⅓ more than in the second...