Despite the demand downturn from the steelmaking boom of 1973 and 1974, steel companies have been talking about the need for 30 millions tons a year of additional steel- producing capacity by 1980. That would be about 20% higher than 1973's capacity level of 155 million tons. Financing such expansion could be a problem, but if higher prices can be imposed, profits would improve and new capacity would be authorized. In the near future steelmaking capacity is going to grow at a rate that exceeds predictions of demand. If there were to be cancellations of longer-term projects, domestic shortages could spark imports. It is noted that some of the industry's investment practices are helping to keep steel underpriced and certain of the expansion plans, at present prices for products, must be thought of as inefficient use of capital.

  • Corporate Authors:

    Time Incorporated

    540 North Michigan Avenue
    Chicago, IL  United States 
  • Authors:
    • Loomis, C J
  • Publication Date: 1976-1

Media Info

  • Pagination: 8 p.
  • Serial:

Subject/Index Terms

Filing Info

  • Accession Number: 00131323
  • Record Type: Publication
  • Files: TRIS
  • Created Date: Apr 21 1976 12:00AM