Word: steels
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
...with a child's Erector Set, the crane operator maneuvers a ladle filled with 230 tons of molten iron toward a giant furnace and pours into its maw a glowing glob of 3000 degrees F metal. After 45 minutes in the oxygen-fired furnace, the iron turns into liquid steel, which a computer-controlled casting machine quickly forms into slabs 40 ft. long. Presto! In just 3.8 worker-hours, one-third less than the U.S. industry's average, this modern plant has produced a ton of steel. It is one of the most efficient mills in the world, but this...
After years of clanking toward the scrap heap, Big Steel is staging an impressive comeback. Last week USX said the operating profits at its steel division reached $501 million in 1988, in contrast to $125 million the previous year. The industry piled up total profits estimated at $2 billion in 1988, and is expected to match that performance this year. But the revival has ignited a bitter lobbying battle between Big Steel and its customers. The $ mills claim they need import restraints to keep the good times rolling. But major buyers, notably the manufacturers of automobiles and heavy machinery, argue...
...long ago, the U.S. steel industry was floundering in its worst recession since the 1930s. One reason: since the mid-1970s, global demand for steel has stagnated at about 475 million tons a year, but mills have been producing an average 700 million tons annually. The huge oversupply sent prices and profits into a tailspin. In the U.S. the years of reckoning were 1982 through 1986, when losses amounted to $12 billion...
...thousands of American companies large and small, the employees are starting to act as if they own the place. Well, they're entitled, because they do. Meet the new breed of hard-driving capitalist: the employee stockholder. At Oregon Steel Mills in Portland, the chairman's secretary has earned $500,000 in company stock, and a few of her colleagues have become paper millionaires. At Quad/Graphics, a Wisconsin printing company, the average five-year employee owns shares worth $250,000. In Avis car-rental offices across the U.S., employees are touting their stake in the company with lapel buttons that...
...contrast to the gaudy old Garnier, the 2,700-seat Bastille opera is designed to be austerely functional -- a bleak concrete, stainless-steel and glass oval, with gray-black granite floors and walls and five revolving stages for fast changes of scene. "The whole idea of this opera house is that it is very sober," according to architect Carlos Ott, 42. "You don't have decoration inside the hall. The decor is on the stage...