Word: steels
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Dates: during 1950-1959
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...industrial management, too, Red China's rulers have underdone by overdoing. In 1958 Peking boasted that the nation's steel production had jumped 100% to a whopping (for Asia) 11 million tons. But late last month came a laconic announcement that construction of all new railway lines planned for 1959 would have to be postponed. The reason: a shortage of steel rails...
...industry still had some slack left, but it was not enough to feel really comfortable, and steelmen were thinking of expanding once again. National Steel Corp. Chairman George Magoffm Humphrey and President Thomas E. Millsop announced that they will build the industry's biggest new finishing plant since U.S. Steel Corp. put up the $500 million Fairless Works (TIME...
Costing at least $150 million, the 2,200-man plant will rise on 750 acres of sand dunes along Indiana's Lake Michigan shore, will wedge National into the big-league Chicago market. It will process steel from National's Great Lakes Steel Corp. in Detroit, where National will add 500,000 tons of capacity, boost its total to 7,500,000 tons, only 500,000 tons behind fourth-ranking Jones & Laughlin. Counting further expansion at Steubenville, Ohio and Weirton, W. Va., National will spend $300 million through...
...jump in steel came largely from the pickup in autos. Sales of 128,000 new cars in February's first ten days rode ahead of the year-ago pace, and production last week climbed 36% above a year ago. The continuing production pickup pushed freight carloadings more than 6% above last year's level, the fifth straight weekly rise. Total industrial production in January moved up for the ninth straight month to 143% of the 1947-49 average, just four points below the all time peak of December 1956. Personal income was also up by $2.4 billion...
...Steel Hour (CBS, 10-11 p.m.).*The capture of a television comedian speeding in his sports car hardly seems a suitable exploit for an ambitious small-town marshal. But TV marshals who catch anything besides cattle rustlers are a refreshing rarity. Trap for a Stranger has also snared Dick Van Dyke and Teresa Wright...