Word: steelmen
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Japan, which will be Mount Newman's biggest customer. The Japanese have contracted for 146 million tons, worth $1.2 billion, over the next 15 years. European steel mills have agreed to buy 1.5 million tons by 1989, while 70 million tons will go to Australian mills. Australian steelmen are also considering building enormous integrated mills that would be fed by Mount Newman and other western iron mines. When that happens, proud Australia will indeed be master of her vast iron reserves...
...into proposed steel-import quotas, jointly applauded the agreement as "a welcome and realistic step." Steelmakers were not quite so exultant. Industry spokesmen pointed out that the levels agreed upon would still amount to more than 13% of the U.S. market-greater than any year prior to 1968. Some steelmen also feared that the Japanese and Europeans would compensate for the hold-down by shipping higher-priced lines of steel...
That job goes with the U.S. Steel chairmanship, but Blough never seemed fully comfortable in the statesman's role. American steelmakers have been beset by many problems, notably the rising level of steel imports, which this year will capture about 16% of the U.S. market. Privately, steelmen have often faulted Blough for issuing terse press releases instead of fully articulating the industry's position on trade and other matters of public policy. Blough's effectiveness in Government relations was further impaired by his 1962 steel-price showdown with President Kennedy-after which J.F.K. complained: "My father always...
...squeeze on their own sales in the fall. Steel output has plunged to a five-year low as users of the metal dig into the huge stockpiles accumulated as a hedge against the summer strike that never came. Most steel mills are running at only half of capacity, and steelmen expect further declines before orders pick up again. As a result, the Federal Reserve Board reported last week, the nation's total industrial production fell by 1% in August...
Actually, few steelmen ever expected Bethlehem's original price move to survive natural market forces, including inventories built up as a strike hedge and foreign imports, both of which are at record levels. As things stand, the effect of the new prices on consumer products is expected to be modest, amounting to an increase of about $6 in the cost...