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Show GREAT STEEL TRADE CONCERN IS ORGANIZED NEW ,YORK. Dec 21 Organization of the North American Steel Products corporation, a combination of the larger larg-er independent steel companies, to advance ad-vance their foreign trade, was formally formal-ly announced here today. The new exporting organization will represent the following companies with a combined annual ingot capacity capa-city of 12,000,000 Ions: Bethlehem Steel, Brier Hill Steel, Lackawanna Steel. Lukens Steel, Mid-vnle Mid-vnle Steel and Ordnance. Republic Iron and Steel, Sharon Steel Hoop, Trumbull Steel, Whittaker-Gleasncr company and Youngstown Sheet and Tube company. E. A. S. Clark, president of the Lackawanna Steel company will be president of the corporation, having resigned his present position to take effect January 1. In a statement toll -' ing of the purpose of the organization. organiza-tion. Mr. Clarke said today: "It is expected that other producing produc-ing interests will join the North American Amer-ican company later on and that eventually even-tually it will represent In export trade substantially all important stool producing pro-ducing companies of the country outside the United States Steel corporation. cor-poration. "The company expects to. incorporate incorpo-rate immediately and to begin active business on January 2, next. In addition addi-tion to its principal office in New York Cty. the location of which has not yet been decided, R will have branches throughout the world wherever the introduction in-troduction and sale of American Iron and Steel Products make II desirable." |