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Show STEEL PRODUCTION INCREASED IN '47 Steel production in 1947 will be far greater than in any previous peacetime year. The total is expected ex-pected to be around 84,000,000 tons, on the basis of operations through October. That very large amount of steel supported accelerated operations b y manufacturing plants all over the nation,, enabling enab-ling more people to work than ever before in the history of the United States, according to the December issue of Steel Facts. The 1947 output of ingots and steel for castings will thus exceed the previous peacetime high production pro-duction of 1946 by approximately 17,000,000 tons. It is likely that the year now closing will result in the establishment of at least eleven new records for shipments of specific steel products. Finished and semifinished steel products shipped by the industry are likely to exceed 62,000,000 net tons in total, a peacetime record also. Shipments of sheet and strip, two of the steel products in heaviest demand, are expected to total some 18,000,000 tons, exceeding ex-ceeding the 1941 alltime record of 15,743,829 tons by 14 per cent. The new records in shipments of specific products will probably be set in cold rolled sheet and strip, electrical and enameling sheet, electrolytic tin plate, ordinary black plate, electric weld pipe and tubes, drawn wire, woven wire fence, bale ties, light raUs and track spikes. The combined shipments of all types of wire products will also rise to a new high level in 1947. Shipments of nails should approximate approxi-mate 815,000 tons, less than four per cent below the war peak of 845,000 tons set in 1942. Shipments of hot rolled carbon bars may total to-tal more than 6,200,000 tons, almost al-most equal to the 1943 war record of 6,300,000 tons, while combined shipments of pipe and tubes at close to 6,000,000 net tons will be slightly below the wartime peak of 6,131,000 tons set in 1943. |