Word: steelmen
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...much can the steel industry boost its capacity in the next two years? Commerce Secretary Charles Sawyer put the question to steelmen three weeks ago. This week, Sawyer had his answer: the steel industry not only could but would increase capacity by 9,400,000 tons by the end of 1952, making a total capacity of 109,963,000 tons. Even before the news from Sawyer went out, two steel companies showed that they meant business. U.S. Steel Corp. announced plans to boost capacity of its Tennessee Coal, Iron & Railroad Co. by 500,000 tons (to 3,350,000) within...
Steelmakers got into the discussion (see BUSINESS), seemed to be lined up somewhere near the Truman position. Yet even though steelmen felt sure that by voluntary rationing they could supply defense needs and a cut-down civilian demand as well, their plan bore no preventive of a grey market in steel...
...require more than 10% of the present capacity of 100 million tons. For example, the needed 10 million tons, steelmakers pointed out, could be trimmed out of automobiles and housing alone, and still leave both industries enough steel to keep producing at 60% of current rates. In short, steelmen thought the only thing holding up an adequate supply for all war needs was a clear-cut decision on where the steel should...
...forestall it, steelmen renewed their insistence that the industry was already expanding more than enough to handle all war demands. The American Iron & Steel
...steel goes, so goes the U.S. economy. Last week, as U.S. steelmen turned out more steel in one week (an estimated 1,912,000 tons) than ever before, new orders for steel piled up almost as fast...