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Steel Experts See Recovery In The Steel Industry
Cleveland report based on Steel Magazine mid year survey of 5,000 plant managers forecasts demand to rise 4.4 percent in the second half of 1958 and a recovery from recession ahead. Managers expect net profits to fall in the fall, employment to rise about 2.2 percent in H2, transportation equipment plants to hire 9.4 percent, unit manufacturing costs to climb 14 percent, and capacity to rise 7 percent with 20 percent planning more capacity. Nearly three quarters anticipate selling at or below present prices, with instruments and related products as the main exception.
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Cleveland
UPI
Steel Magazine
Steel
Armee Steel