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The Iron Age 1925-12-17: Vol 116 Iss 25

1925 Reed Business Information US

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ESTABLISHED 1855 THE IRON AGE New York, December 17, 1925 VOL. 116, No. 25 The Future of Merchant Pig Iron High Freight Rates, Large Imports of Foreign Iron and Economic Changes Have Put Many Furnaces on Inactive List—By- Product Coke Ovens Considered as Possible Remedy BY CLARENCE E. NLY 10 of the 44 so-called merchant blast furnaces () supplying pig iron to foundries in the Atlantic seaboard States were in operation on Dec. 1. The 44 furnaces are located in New York, eastern Penn- sylvania and Virginia. Some of them have not been operated for a year or more; others have been idle most of the time since the war. Large amounts of capital invested in such furnaces are yielding no return, and the future of the domestic merchant pig iron in- dustry, particularly in the eastern States, where it is seriously affected by imported iron as well as by high railroad freight rates and other economic changes, is giving concern to all who are financially interested. About 400,000 tons of foreign iron has come in this year, much of it at Atlantic ports. This is approxi- mately double the amount imported in 1924. Num- bered among the idle domestic furnaces are some high- cost plants which cannot …

Citation

The Iron Age 1925-12-17: Vol 116 Iss 25. Reed Business Information US. 1925.