Word: steelmen
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Altogether, the industry estimated, the package that Steelworkers' President David J. McDonald will present could cost as much as 60? an hour for every worker, increase the average cost of $129-a-ton finished steel upwards of $12 a ton. But steelmen guessed that McDonald would settle for considerably less. At the top of the package is the demand for increased weekend pay, which alone could boost labor costs by 30? per man-hour. The Steelworkers' main objective is to put workers on a Monday-Friday week, though this would demand widespread reorganization of the industry. Jones & Laughlin...
...Steelmen talk of a price boost to $15 more per ton-the biggest hike in history. Such talk is partly to prepare U.S. businessmen for an unpopular move, and partly to put much of the onus for the rise on the United Steelworkers, who are expected to demand a big wage increase, possibly as high as 60? an hour. Even if the Steelworkers get as much as 20? an hour, the union claims that it will cost the industry only an additional $4.00 per ton. While other costs are also climbing-iron ore is up 7.4% since July, railroad freight...
...Most steelmen saw reason to think that 1956 would live up to its first-quarter promise. Though auto production, already down, slipped another notch to 129,048 cars last week, orders from other big steel users (notably railroads and the construction industry) have boosted U.S. Steel's backlog to 7,500,000 tons v. 6,300,000 tons at this time last year. Looking at the flood of orders, U.S. Steel's Blough thinks many customers are buying to build up inventories in fear of a steel strike this summer. But Bethlehem's Grace is equally certain...
Beneath the forests of Michigan's Upper Peninsula lie vast iron deposits that have long resisted ore-hungry steelmen. The ore is jasper, a diamond-hard rock that blunts ordinary drills, is too low in iron content (about 33%) for conventional refining methods. Five years ago Cleveland-Cliffs Iron Co., with Ford Motor Co., set up pilot operations to mine and process* jasper by a new method. Last week Cleveland-Cliffs and Inland Steel Co. announced that they will build, near Marquette, Mich., the nation's first big jasper-mining and processing project. At peak production the Marquette...
Though processing low-grade ore costs up to $30 per ton, the even quality of the pellets hikes blast-furnace output as much as 20%, and produces better pig iron. An even bigger advantage of low-grade iron ore is its large supply. Only five years ago steelmen were predicting that some of the nation's high-grade ore deposits would be mined out by 1970. By using its low-grade ore, the U.S. should have plenty of ore for another several hundred years...