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Steel Can Fill Demands 70 50 Not Meet This Year
Washington July 17 Associated Press reports H B McCoy of the Commerce Department told the Senate Steel Committee the nations steel industry may meet all demands in 1950 without further expansion. He cited a probable demand around 70 million tons, with up to 80 million projected for 1980, noting uncertainty about needs and Europe’s rehab. He estimated U S output may fall 2 to 6 million tons short of this year’s demand.
MENTIONED IN THIS ARTICLE
Associated Press
Washington
H. B.mccoy
Commerce Department
McCoy
Departments
Office of Domestic Commerce
Senate Steel Committee
Europe
United States