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Trade Winds Steel Prices Stick and Johnson Persuasion Fails
Trade winds keep steel prices steady amid labor and management disputes. Johnson loses persuasive power as unions demand higher wages to cope with living costs, while manufacturers cite rising input costs. Sen Hart urges DoJ probe into price increases. imports may rise in response. Farmers face higher costs despite potential volume gains. mechanization grows as labor tightens. Silver prices surge amid supply demand gap benefiting mines.
MENTIONED IN THIS ARTICLE
Lou Schneider
North American Newspaper Alliance
New York
Johnson
Philip A. Hart
D-Mich
Senate Antitrust & Monopoly Subcommittee
Department of Justice
South