INVESTMENT BEHAVIOR IN THE IRON AND STEEL INDUSTRY OF THE UNITED STATES. PHASE 1: FORECASTS FOR 1975-1980

The comparison of the model forecasts with industry requirements leads to the judgment of this report that there will be a capital shortage in the iron and steel industry in the future. The total capital shortage could range from $5.87 to $10.23 billion, with the gap becoming more pronounced in 1978-80, depending upon the assumptions built into the forecasts. Although the future capital requirements given by the iron and steel industry may be somewhat overstated, even an error of 50 percent would still imply a significant likelihood of a shortage except under the most favorable conditions. The effect of any capital shortage will make itself felt eventually in insufficient production and/or increasing prices.

  • Supplemental Notes:
    • Available for reference material only during working hours at the Bureau of Mines Library in Pittsburgh, Pa., and the Central Library, U.S. Dept of the Interior, Washington, D.C.
  • Corporate Authors:

    Pennsylvania State University, University Park

    Institute for Research on Human Resources
    University Park, PA  United States  16802
  • Authors:
    • Newmann, G R
    • Crandell, R M
  • Publication Date: 1975-12

Media Info

  • Features: Figures;
  • Pagination: 121 p.

Subject/Index Terms

Filing Info

  • Accession Number: 00132987
  • Record Type: Publication
  • Source Agency: Bureau of Mines
  • Contract Numbers: J0255006
  • Files: TRIS
  • Created Date: Jun 5 1976 12:00AM