Word: steelmen
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Since steel's basic raw material is normally about half pig iron, half scrap, 6,500,000 tons of pig would scarcely be enough to turn out 15,000,000 tons of steel even in normal times. And scrap is now abnormally scarce. Last week OPM steelmen particularly recommended expansion of Bessemer steel capacity, because the otherwise less economical Bessemer process requires very little scrap. Transportation Commissioner Ralph Budd announced a program to collect 232,000 tons of abandoned streetcar rails. But Cleveland's Daily Metal Trades reported that steel mills are still using more scrap than they...
...take off Leon Henderson's price ceilings ($20 a ton for No. 1 heavy melting scrap at Pittsburgh), let prices rise to a level where every U.S. junkman would lengthen his route and hours. But this suggestion comes mostly from scrap dealers, finds little support from steelmen such as Eugene Grace...
...South closed virtually every bituminous coal mine in the country for 29 days in 'the April coal strike, threatening a major industrial paralysis. While the squabble went on over that 3? a ton, U.S. carloadings were cut nearly 9%. In the last week of the strike, when steelmen were feeling the pinch, steel production was cut 74,500 badly needed tons...
Problem was how to get the new tonnage. Ben Fairless was put in charge of a committee of seven steelmen to figure this out, report back to 0PM this week. Cheapest, fastest and likeliest method: to add to existing mills, rather than build new ones. Two mills expected to grow much bigger are Bethlehem's 3,200,000-ton Sparrows Point mill near Baltimore and U.S. Steel's Columbia subsidiary in California, both on tidewater. Gano Dunn had figured week before that a 10,000,000-ton "horizontal" expansion would cost $1,250,000,000 and probably require...
...polite conversation, other steelmen call Ernest Weir "difficult"; they call him other things over drinks. Main fact about the relationship is that his mills are newer and his costs lower than most of the in dustry. Hence he has no more desire to cooperate with his rivals on price matters than had the young Henry Ford (who has not joined the Automobile Manufacturers Association to this day). For lone Weirwolves, the high-cost atmosphere of the A.I.S.I. is oppressive. But Mr. Weir will continue to confront Messrs. Fairless, Grace, Girdler, et al. at the councils of Steel's Defense...