Show Steel Stel Business at Bottom Says Review I NEW YORK July 15 P IP J Little change NW in the tho steel stel Industry was wasI wa I noted In Iii today's toay's trade trae reviews re Iron not estimated production at not Ago ABO O 1 I more than 32 per cent of or capacity against 33 per cent a week ago but Steel stel said ald pr the te latter latter rate rat had bad been continued Industrial shutdowns for vacations and ad inventories as a well wel as a poor pr busi business bui nets ness conditions in most steel con turning lines have hn c restricted steel buying and plant plat operations Iron Ion IonA Afe gc asserted A Notwithstanding belief belet of the industry that resumption of steel tat Ite manufacturing by many st steel el consumers con con- in August will bring a 0 mod mod- sumers umers Augut wl mo I crate ute Improvement in replenishment said the review there is isn buying te revIe id no evidence yet of a a- a definite turn tun yet n upward In requirements Some large lage tonnages particularly for building construction are arc ac overhanging the market but there is 1 a a disposition to t conditions Inthe in inthe favorable walt await more the tho Await general situation before belore making awards aads A number of automobile plants plant Ire using up inventories of materials materIal Ut uig and preparatory to shutdowns parts ad pat Some of these plants plant will m be idle during the thee latter half haf of July Juh RaIlroads Railroads Rail Rail- Ran dug te small ship ship- roads rs are taking very cr sma sIp sIpI i ments of rails i rUs ment Steel said sid It was as felt the indus industry indu try was as a near a a complete stoppage stoppage stop stop- stop t wa all practical for page gc as a possible al and that from this low 10 purposes tableland tableland l an upturn is inevitable |