The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-06-24
THE STEEL MARKET
Capacity Orders Rcportcd-rrIc.,
on All Products Firm.

VI" hhf tT''uFls i1fm.
Optimism among steel produce, "A,
tinues to grow and conditions AZ bras.
ent are better than they have ree- -
long while. The United state, So.
Corporations operations are near n a,
per cen OF capacity, and hcsot. Inv.
this rate il expected to he reacbA
Some Of the independents report tina; Or.
ders are ahead OF capacity and the s,,s,
Corporations bookings are ncl-s- "a
capacity than they have been in som.
time. Prices on all products arc ho,s.
ing firm.
Structural business ia picking In ..
some points. The American Bridge Cow,
pany's Ambridge. Pa. works n-e "a.
ported TO have booked orders for "a
900 tons OF bridge material In the pas,
fortnight.
The Iron Age says The drif, a.
the steel situation Is soon in tho o-,.,
given by the Carnegie Stecl Compeny
for starting up it's North sharon. f.,
plant. consisting Of six open hca tn ,p,.
naces n a blast furnace The com
pany is also considering putting rs Be..
scmer steel works at Columbus. Ohm
in operation to supply steel 10 the SRA.
bar mill there. The Sharon and Colun.
bus plants have been idle for moro thu,
two year,.
"For Some time II has been apparsn,
that open hearth steel output mus, IN.
crease II all the demands for open hear,
products arc 70 be met. A. Pittsour,
and youngstown h open hearth rss
situation has frightened. Demand tr
billets and sheet bars 10 ACTIVE an
--l.-. -.- >
for tho former n S22 for the lsstw
Forging bliiets on contract hsvs "A
vanccd TO 327. and Al high N S2s m,
been paid.
The Steel Corporations ordsrs n,
now running about 10000 tons a d.y
moro than It's output, and shipments Ar.
nearly 1 10000 tons a day moro than n
this time last e
Exports are growing fast end ~,
now at the rate OF ESQ, 900 tons a mouss
in products reported in tons. The Sssl
Corporation. having tho great bulk o,
the commercial steel exports and MINI
Of those due to the war. Is operating a,
Al per cant. or higher than the ayvr.
ace Of its competitors. Some Of eNs IA.
ter. especially where bars are Q ,arr,
factor. are operating we'll chow % per
cent. Of capacity.
Urgent inquiries have como from vi.
rope for ails-2oo. 900 tons IN all, rnr
Of II for Russia Angus. delivery /,
wanted in part. Tho early placing o,
10000 tons In this oountry 70 erpsc.ed
New rail business at homo b i,rs,el
to $500 tons for the sournern- Placed
with tho Pennsylvania Steel Company
The Lackawanna Steel COMPANY VII
roll 5000 tons for the Cuba Railway
In the Chicago district 10000 ton,
Of steel have been bought by ors cu
builder, n sor tho Rock Island cs-
$4,000 TO 10000 tons Ia under inq.,-~
The Chicago and Northwestern Is N -.
market for 1900 cars. and the Clrc'-.
natl. Hamilton n Dayton FOR 2oto
RAILROAD inquiry for lie plates. e,'rs,
and bolts Is larger. and come -. t-.,
have advanced spikes and bolts g.
The bulk OF the iupIenc'' r--
tracts Is now on the BOOKS. r.,
carried their point In limiting p,
1.2oc. sales 20 1915 delive-f,a r.
smaller contracts. but some -1~-c
covered for a Nll years rr0a.
from July I. With hu, lit,'c r.,
bars are now on a 25c. ri.'sr..'
and with the large foreign hu. ,..
coming up the mills count on
at!ons for several months a....
The future OF prices on
shapes Is less clear than "ur 'It.
plates l.f5c. and Zoo, p.''s'a
third quarter have not d'saupr4r A.
the amount Of new steel wor.
points to considerably less than
ming OF structural mills in the No.
months"