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Steel and metals as barometer of U.S. economy
A report notes steel and nonferrous metals signal health of industry as output slows, imports rise, and producers cut back. It cites low steel production, sagging orders, idle capacity around 30 percent, and layoffs ahead of Christmas, with European firms expanding and export growth.
MENTIONED IN THIS ARTICLE
New York
Wall Street
American Iron and Steel Institute
Institute
Phoenix-Rheinrohr A. G
Dusseldorf
West Germany
U. S