Reduced Price Not Moving Sheet Steel In Cleveland
Orders for finished steel rise from late summer lows but buyers hold back large quantities of hot rolled carbon steel sheets at the reduced price. The price dropped to 88.50 per ton, with potential 2 percent December shipments. Industry says inventories remain high and some orders may cancel if prices rise before rolling begins. Raw production could increase by about 10 percent by year end, with Nov and Dec output around 9 to 10 million tons. Net steel production the week ended Nov 23 was 2.22 million tons, up 1.2 percent from the prior week.
MENTIONED IN THIS ARTICLE
Cleveland, Ohio
Steel Magazine
Steel
This Day in History Highlights 1968 Events
The feature lists key events on November 25 across history including the 1783 British evacuation of New York their last U S position, the 1758 British capture of Ft Duquesne, Carson City becoming Nevada's capital in 1861 and Missionary Ridge fall in 1863. It notes 1920 WTAW College Station first radio play by play, 1943 Allied raids on Formosa, Eisenhower stroke in 1957, 1959 Kennedy burial, and a 1963 or later space probes plan.
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Associated Press
New York
United States
Indiana
Ft. Duquesne
Carson City
Nevada
Missionary Ridge
Lookout Mountain
Tenn
WTAW
College Station
Tex
Formosa
Eisenhower
John F. Kennedy
Arlington National Cemetery
Colombia
Surface streets beat freeways in rush hour test
Traffic experts in Los Angeles urge drivers to use surface streets. A test from west Los Angeles to the Civic Center showed 11.7 miles on surface streets took 30 minutes versus 48 minutes by freeway and 77 minutes by bus.
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Los Angeles
Civic Center
Horowitz Restores Piano After String Break at Carnegie Hall
Vladimir Horowitz interrupted a Carnegie Hall recital when a string broke during Rachmaninoff. A stagehand used a toolkit to remove the damaged string, allowing Horowitz to resume. He finished the program and earned thunderous applause with four encores.
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New York
Vladimir Horowitz
Carnegie Hall
Rachmaninoff
Horowitz
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