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Steel Production At High Rate Boosts Demand
Steel Magazine reports demand for flat rolled products boosts production to near 1960 highs. National weekly ingot tonnage estimated at 2.22 million, up 2.9 percent from last week as mills plan higher output into year end. 93 million tons projected for the year, about one percent below 1960. Youngstown demand rising for January delivery. Campbell Works running at high rate. No. 1 heavy melting scrap priced at 34.33 per gross ton. Japan negotiating first quarter scrap needs.
MENTIONED IN THIS ARTICLE
Cleveland (Ap)—Steel Magazine
National Weekly
Com
Steel
Youngstown
Youngstown Sheet & Tube Co
Campbell Works
Japan