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U S Steel outlook stays muted for 1978 says Speer
Edgar B Speer chairman of U S Steel warns 1978 will show little improvement over 1977 with potential 3 to 4 percent sales growth. He cites seasonal imports, Seaway closure and needed capital spending aided by tax relief and the Solomon plan. He notes Japan Britain and France capital needs and the impact of overcapacity on price raises and alloy competition from aluminum.
MENTIONED IN THIS ARTICLE
Speer
St. Lawrence Seaway
Treasury
Anthony Solomon
World Steel Industry
Geneva
Japan
U.S. Steel
US. Steel