Cement Case May Shift Steel Plants
Washington reports the Supreme Court basing point decision may spur decentralization of the steel industry, with the National Military Resources Board noting no immediate plant moves but potential longer term shifts toward closer steel supply sources. The Board foresees possible expansion of production in central areas if pricing methods influence location, though a broad relocation is unlikely.
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Court ruling sparks hearings on cement pricing impact
The Supreme Court upheld the Federal Trade Commission on cement industry pricing, prompting Senate hearings set for Nov 9 in Washington. Lawmakers weigh whether the decision hurts economic competition and asks if nationwide or zone price systems should change.
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