Ocean Trip Across a Sharp Riddle
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Financial Gossip on Steel Profits and Wages Outlook
First National City Bank projects about 6.7 percent profit on sales for manufacturing this year with some variance. Steel industry hopes for higher margins to match strong production, though wage negotiations with United Steelworkers threaten rising labor costs. Executives observe robust production and global leadership, while final figures will settle the year’s earnings.
MENTIONED IN THIS ARTICLE
First National City Bank of New York
United Steelworkers
Steel
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