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Government Blamed for Steel Price Hike in Virginia
In Charlottesville, UPI reports U.S. Steel chairman Roger Blough blamed government spending and policies for inflation rather than steel prices, criticizing postal rate hikes and labor policy. He spoke at the University of Virginia three days after a steel sheet price rise. Gardner Ackley warned against further price boosts, urging cost cuts and productivity. Steel industry leaders campaign for tariff protection while facing a soft market and potential 1968 strikes. Also noted are past government interventions in 1962 and 1965 related to steel price adjustments.
MENTIONED IN THIS ARTICLE
Charlotysville, Va
UPI
ULS. Steel Corp
Roger Blough
University of Virginia
U.S. Steel
Habar
Blough
Washington
U.S
Gardner Ackley
President’s Council of Economic Advisers
Ackley
Kennedy