Word: youngstowners
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Dates: during 1950-1959
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...pace our vacations ... so they will not interfere with production. I would be sur prised if we don't go through the third quarter at 100% of capacity." Grace an nounced that even though the Justice Department has disapproved of a plan to merge his company with Youngstown Sheet & Tube on the ground that it would restrict competition, the two companies are going ahead with their merger plans. If they do merge, said Grace, the new company will add 3,000,000 tons to the capacity of Youngstown mills...
Blast furnaces glowed and roared in the steel centers of Pittsburgh, Youngstown and Chicago last week as the steel industry jacked its operating rate to 88.2%, the eighth consecutive weekly boost. According to this key barometer of the economy, the outlook has seldom been better. Last week's scheduled output of 2,129,000 tons was the best in two years, within striking distance of the alltime high of 2,324,000 set the week of March 23. 1953. With order backlogs soaring, the trade magazine Iron Age said: "If the rate of incoming business holds, raw steel output...
...quickening pace was felt by big and small alike. Youngstown Sheet & Tube and Sharon Steel each fired up an additional open hearth at their Youngstown plants. And Crucible Steel, which since the war has poured $100 million into new plants instead of paying cash dividends, declared a quarterly payment of 50? a share, first since...
STEEL MERGER between Bethlehem Steel and Youngstown Sheet & Tube Co. (TIME, Oct. 11) is still in the works despite strong Justice Department warnings that it violates antitrust laws. The companies intend to test the Government's objections in court. At the first overt move, such as a registration statement on stock changes with the SEC, the Justice Department will file a suit to stop the merger...
...steel industry was still in the doldrums. With production running well below 70% of capacity from July through September, U.S. Steel's earnings slipped to $44,323,860, v. $61,706,264 for 1953s third quarter. Republic's earnings dropped 26.7%, to $10,302,001; Youngstown Sheet and Tube profits tumbled almost 45%, to $4,474,003. But Armco Steel Corp. held its own, turned in a profit of $10,167,361, or $1.95 a share...