Salt Lake Telegram | 1932-06-29 | Page 14 | Steel Falls to 15 per Cent Capacity

Steel Falls to 15 j Per Cent Capacity NEW YORK June 29 20 Steel iP-Steel F Steel production has fallen to 15 per cent of capacity from 16 per cent a week ago and will go still lower before the end of this week Iron Age reported today Independence day shutdowns are areto areto to be longer and more general than usual the review said and some plants will not resume operations Until until un Un- til mid July However the publication added that present levels of demand are so low that a rebound Is looked for although it will not be Immediate since the momentum of the depression depres sion slon Is for the time being getting additional additional addi addi- impetus from seasonal While there will naturally be some recovery in output after the Fourth of July shutdowns no real up turn is believed possible before Sep at the earliest