Word: weir
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...strip mills to study whether they might be converted to plate production. Present annual plate capacity is some 6,500,000 tons; it was hoped that 1,500,000 tons could be added to this by conversion right away. One example was announced last week: smart Ernest Tener Weir's National Steel (see p. 74) is rearranging its Great Lakes subsidiary (hot-rolled strip and sheets) to provide 300,000 tons of light plates, saving at least a year over the time it would take to build a new mill...
Ernest Tener Weir and his National Steel Corp., No. 5 U.S. producer, last week resigned from American Iron & Steel Institute. Mr. Weir gave no explanation. Explanation was superfluous, in view of the history of the past two months. In that period he had twice kicked the industry soundly in the rump and his competitors were angry...
...weeks later Weir kicked again. Having upped steel's operating costs by the wage increase, he sided with Leon Henderson in his effort to freeze prices at pre-raise levels...
...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...
...decree threw the steel industry into an uproar of protest. But the uproar was nothing compared with the indignation aroused when Steel Tycoon Ernest Tener Weir lined himself up on Henderson's side this week. Figuring the wage increase his National Steel precipitated earlier this month would cost the industry not more than $135,000,000, he termed the amount "insignificant" compared with Government defense spending. Said he: "There are no facts available today on which ... to determine the necessity of a price change now. ... It won't hurt the industry to take three months to produce facts...