Show STEEL INDUSTRY OUTLOOK GOOD Increased Production Expected Expect Expect- ed to 10 Continue Until Output PITTSBURGH Dec Dec 30 Nine V-Nine- Nineteen teen een three thirty-three appears appears to have exceeded ex ex- the most mot sanguine expectations ions of the steel leaders said E Ernest nest T. T Weir In iu a year-end year survey Weir who is chairman of the National Na Na- onal Steel corporation pointed out the le forecasts a year ago were hopeful but naturally could not take Into account ac ac- count the extent to which artificial stimulus would be employed In the effort eUort ff ort to Improve general business While actual production figures for 1933 are not yet available the National Na Na- ional Steel chairman said Indications Indica ions are that the iron and steel teel Industry industry in has definitely scraped bottom and is at present experiencing a a. pull pullo to o higher production levels 1 Production Increases Increase I Lake Superior ore shipments are are approximated at 22 tons for tor forthe the he year as against tons in 1932 but are arB consid below thelong the thelong long ong time Ume averages Steel prod production cUon tonnage for the year is estimated at tons and the computed gain over 1932 is roughly placed at 70 per cent and andIs andIs andis is close to 50 per cent of the average annual output from 1924 to 1929 wh What What the the future will afford Is dependent dependent dependent de de- pendent on many factors Rail Bail purchases purchases pur- pur chases hases and increase increased automotive activity ac ac- ac promise well for lor higher production tIon ion levels in the e a part of 1934 With any new act activities in private construction added to the public works program it s safe to predict all the major steel c may be expected to show how improvement improvement improve improve- ment in operations Higher prices for all steel products are a foregone cone conc as a result resul of the greatly mere Increased ed cd costs cost of production production production pro pro- under code compliance The payroll increase foi fo o the entire steel Industry i Is over annually Precedent has almost entirely disappeared disappeared disappeared dis dis- dis- dis appeared from present day lions ons Change is ic in Ir the air Industry Industry Indus Indus- try has ha definitely and voluntarily assumed assumed as as- new responsibilities Political economy has hu undergone severe revisions revisions revisions re re- re- re visions as a r result of strong social socia influences A new basis of understanding understanding under under- standing with a better mutual appreciation appreciation elation of ot common common problems Is the trend between man management gement and personneL personnel per per- |