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U S Steel Boss Cites High Production Costs
U S Steel board chairman Edwin H Gott warns that rising hourly wages and other costs outpace productivity gains. He cites a five year trend with only modest output growth and urges workers and unions to help curb cost increases amid ongoing negotiations. The piece notes steel inventories as a hedge against impasse and references a large capital program.
MENTIONED IN THIS ARTICLE
Pittsburgh, Pa
U.S. Steel
Edwin H. Gott
Gang
U.j
Steel News
Gott
Vances