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The Iron Age 1921-01-06: Vol 107 Iss 1

1921 Reed Business Information US

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1E IRON AGE New York, January 6, 1921 ESTABLISHED 1855 @ VOL. 107: No. 1 Large Steel Output Under Handicaps Double Standard of Prices and a Scarcity Market for Most of -1920—Depression Comes in October and Increases to the End of the Year steel industry was the size of the output. From beginning to end producers contended with one serious impediment after another. The year also will stand out in the annals of the in- dustry for the maintenance over nearly 11 months of two sets of prices which, - most surprising thing about 1920 in the less than the market prices ruling when such product was delivered. The very high prices of the year—such, for example, as 4c. for plates and shapes and 8.50c. for No. 28 black sheets (against 4.35c. as the Steel Corporation price)—were rea- lized on but a moderate percentage of the year’s business. seseenneneniens in different products, were from $10 to $30 or more apart. On the one hand, the Steel Corporation, making nearly 50 per cent of all the steel sold throughout the year, held to the so-called Industrial Board prices which were announced on March 21, 1919. The inde- pendent companies in all cases secured higher prices. There was a scarcity of …

Citation

The Iron Age 1921-01-06: Vol 107 Iss 1. Reed Business Information US. 1921.