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Price Hike Receded Illustrates Steel Pricing Dilemma
U S Steel faced a public relations setback after raising prices in 1962 and withdrawing them under presidential scrutiny. In 1976 the firm again rescinded a planned third increase citing market conditions and competitive pressure, highlighting cost pressures and demand weakness across the industry.
MENTIONED IN THIS ARTICLE
New York
USS. Steel
John F. Kennedy
U.S. Steel
U.S
US Steel
Wall Street