Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-03-28
Y
IN IRON, STEEL
MARTS CONTINUE
Carnegie Steel Mills Now
Operating at 65 Per Cent
of Normal Capacity.
PIGIRON A R STEADY

PTTTSBTRGH. March .S.-Improvement
in the iron and steel trade has continued
during the last few days, despite the ex-
pectlt.Un that the coal strike threat
would at the least result in curtailmeut.
The facts. however, ara the reverse. for
the Carnegie Steel Company has blown
in one Carrie AMI one OHIO stack and
plans TO add four more in a few DAYS. in
creaSiug is active list to thirty i've uI
its nfty-niue blast furnaces.
Some of the gain IS the further effect
of the recent price StablllzIng movement
in steel products, which has been marked
by a heavy volume OF orders and q sub
stantiaI increase in the activities Of the
plants in this district.
The Carnegie Steel Company IS now
operating around % per cent OF its nor
mai capacity.
There has been a substantial Increase
in the operations of the American Sheet
* TinplJte Co, and the other subsidiaries
have at least maintained the recent rate
Steel makers Of the Sheuaug0 and Ma
honing valleys have added both to steel
works and finishing mill activities, and
there also has been some gain with
the leading independents in the Wheeling
district.
A conservative estimate Of current pro-
ducriOu Of ingOts in the whole district
is between 90 and % per cent Of ca
pacity-
on the whole. demand for steel prod
ucts is high. Production Of sheets IS
now well above the average rate main
tanned in the best year before the war,
which was 1917, while il is at about 50
Per. cent Of the rate in the record year,
which was 1879.
Production Of standard steel pipe is
also heavy. In tin Plate, the current rate
is well above the average in the best year
on record. while the production from Jan.
1 TO tie present time is probably ahead
o fthaC ia the same period N any prev
iOUs year.
The foundry pig iron market has been
--H aHa aH
the fat price Of SO. furnace. against q
range of $50 to SO recently quoted.
Basic remains AT the SO price, 10 which II
recently advanced as already reported.
Production Of steel inEOts has now
crossed the rate of SOivoo,O00 tyns per
year This rate is about - per cent
over the rate aC the close Of december
and Is p per cent above the rate Of DC
tOber and November.
Semi-fnished steel has been marked
up s. per ton by the larger producers,
bringing bjilcrs and sheet bars 10 S3l
and forging biliets TO ST.
The Carnegie Steel Company viii place
I'm operation its Farral works this week
on billers and bars. This company has
classified its bar customers into 2DO
groups, and the most encouraging aspect
of the present buying movement IS that
&c is being conducted by practically all
OF these classes. Individual orders are
not large. but automobile, agricultural
implement, fJbricating, nut, bolt and riv-
az producers, forge shops and many 9TH
ers are buying M to 1000 tons at a time.
Vie rods at S3G are a dollar a ton
higher
Finished forms generally show in
creGseS. Among new I-Ye qUIrIe are
three lines out or inc Wyoming field call
ing for g total of about 10 miles of six
inch and eight-iJch Pipe.
Al; producers c. wIre products are at
tempting 20 maintain urices az $40 base
per Eeg for nails anu SD base per 100
pounds for bright and anneJleG wire.
which has given buyers some confidence
IL the stability Of the market. and this
finds reflection ii larger orders and
specificati0ns.-CopyriSht, 1922, by Public
Ledger Company.