Word: steelmen
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...mill in five years, a big tax concession. Now it expects to have little trouble raising the construction capital from New England's insurance companies and investment trusts. The Development Corp. may run the plant itself, but would prefer to interest a big steel company in running it. Steelmen have shown no public interest and some have opposed the mill as "uneconomical...
Weir's new plant will be only 35 miles downriver from the new 1,800,000-ton capacity Fairless Works which U.S. Steel will build. The steelmen were taking advantage of quick, five-year write-offs of the new plants under the Defense Production Act, thus using cash that would otherwise be paid in taxes. By week's end, the National Security Resources Board had granted such write-offs on $1,200,000,000 in new steel plants. The steel industry, which only a few months ago had set its sights on a total capacity...
...went ahead last week issuing another batch of selective controls: ¶ Steelmen were ordered to deliver 30,000 tons of steel to shipbuilders for construction of Great Lakes ore carriers in the first quarter of 1951. Next on the list: allocations for oil refineries and power plants...
...total output] has no cause for complaint," he replied. "It has had steel enough to set production record after production record. It is the steel industry that made possible all the expansion in other industries." Nevertheless, if more steel users joined Charles Wilson in needling the steelmakers, steelmen might decide they could expand faster after...
Sawyer made it clear that the overall goal was not just optimistic talk on the part of the steelmen. Said he: "What I wanted was not suggestions or hopes, but actual commitments for the future." The American Iron & Steel Institute, he explained, had drawn up the figures based on the expansion programs of 20 big companies. Sawyer, who thinks that the best way to carry the rearmament burden is to expand production rather than cut civilian consumption, summed up: "The peak of military requirements and consumption during World War II was in 1943 when 53 million ingot tons of steel...