Word: steels
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Dates: during 1950-1959
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West Germany's steel industry rose from the ashes to surpass its prewar record in steel production, has raised its capacity to 29.3 million tons yearly. Led by the huge combines of Alfried Krupp and August Thyssen-Hutte, the German industry is flexing its muscles, reconcentrating once more to make itself more efficient, aggressively seeking out new markets from India to South America. In Great Britain, heavily bombed in the war, the steel industry is now among the world's most modern. Britain's biggest steel company is United Steel Companies Ltd., whose chairman, Sir Walter Benton...
From the Ashes. Unlike many of his predecessors, Blough is also a man with a world view of steel. Though the U.S. steel industry is fat this year, Blough asks himself whether the steel industry can afford a wage hike in terms of world-market trends. His answer is no, and his reason is the great change that has taken place in world steel production. At World War II's end, the U.S. accounted for 54% of the world's steel production. But the war, in cruelly efficient terms, had proved a blessing in disguise for many foreign...
France has one of the best and most buoyant steel positions in its history, raised production to a record 16.2 million tons last year. The industry is modern, research conscious and anxious to win new markets. Though Japan is still considered a high-cost producer of iron and steel-mainly because it has to import raw materials-it also manages to compete actively abroad, is moving into South America at the expense of the U.S. industry. Japan's steel industry is dominated by six big firms led by Yawata Iron & Steel, under President Arakazu Ojima, who wants the industry...
Second place in world steel is now held by the Soviet Union, which produces as much steel as Britain, West Germany and Italy combined. Last year's production of 60 million tons was double that of 1950, or 70% of the U.S. total. The Russians are working feverishly to catch up, plan to equal U.S. production by 1972. Lumped together with China and the satellites, Russia's steel industry will gradually become a formidable challenge to the West, though for many years it will be devoted mainly to supplying Russia's own appetite for steel...
...Wages. Many nations that once produced no steel or very little have begun developing their own industries, often with U.S. aid. India, for example, is modernizing and expanding its steel plants under the leadership of Steel Baron Jehangir Ratan Dadabhoy Tata, who has expanded his huge plant to a capacity of more than 1,500,000 tons of salable steel annually. Canada, once a prime market for U.S. steel, has steadily supplied more of its own needs from its growing steel industry...