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Steel mills plan 5.5 percent price rise in early 1978
United States Steel Corp and National Steel Corp announce 5.5 percent price hikes, with Bethlehem and Inland Steel expected to follow. Wheeling-Pittsburgh signals rollback of a 7 percent rise to stay competitive. White House officials call the raises understandable amid rising costs. analysts foresee a ripple through autos, construction, and home appliances. The wage price council notes costs from labor, transport, energy, and raw materials drive the increases and discusses a proposed reference price system for imports to curb future rises.
MENTIONED IN THIS ARTICLE
Pittsburgh
UPS
Moat
White House
Bethlehem Steel Corp
Inland Steel Corp
Wheeling-Pittsburgh Steel Corp
Jack Meyer
The
Council On Wage and
Meyer
Wall Street
David Healy
Roy Taub
Healy
Japan
United States