Show SMAll CHANGE IN STEE INDUSTRY Decline in Raw Production Continues for Third Successive Successive Successive Suc Suc- Week NEW NW YORK YORK ORK April Apri 15 Iff The r The weekly steel trade reviews today toay re report reported reported re- re port ported d little change In in the slackening slacken slacken- ing lag tendency which has ha been evident In this industry since sice late March For the third successive week Iron Ago Age AS reported a decline in raw st steel el production of two points which carried aggregate atc down to 51 per cent of the nations nation's naton's capacity compared compare to the spring peak of 57 per cent pr Iron Age said mid Hopes for a R recovery reC ery in i activity to a level equalling or cx exceeding that of ot March Marc are re ac waning although olho h there is i bv by no 10 means general acceptance of the view lev that the industry Is Js mere merely following the usual seasonal down trend from its It paK This Thi publication said the volume of automobile automobile auto auto- aut- aut mobile production while still stU offerIng offer offer- big Ing ig promise defies dec prediction It I again agal pointed pointe to t heavy construction as particularly promising Iron Ages Age's composite prices for pig iron Irn and finished steel stel were unchanged although its figure for steel scrap showed a further reduction to t the lowest since 1015 The publication Steel Stel said sid current current current cur rent s steel 11 demand is i not brisk enough to to lend any encouragement to t those who have entertained hopes hope that the dip over o er the past three weeks has hM been only a 0 reaction reaton Nor has it fallen falen off sufficiently to bear out the contentions of the more pes pea This survey spoke hopefully ot of heavy construction and automobile production saying automobile production production pro pro- pr- pr ducton Is 15 running ahead of oC the rate In 11 March and there are further in indications indications In in- of a continuation of the upward trend In i May and possibly extending Into June Junc It I added that competition steel stel makers for tor or automobile business is so keen however however how how- ever er that prices for lor automobile sheets she t show ho more variation |