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Show BRITISH STEEL 1 FKM1E Consolidate to Fight U. S.. German and French Competition Bj .r. II DUCKWORTH, LONDON'. Oct, 30 Challenged by , the gigantic V. S. steel Industry which has allied ILsclf with great German and French steel firms to sci7,e European Euro-pean trade and to oust British steel from other overseas markets. British st. magnates are preparing for the ; gigantic conflict. They have formed the British Empire Em-pire Steel Corporation, a consolidation of interests which they are confident I:, formidable enough to withstand the threatened onslaught in their premier key industry. K i i.l R l it RTVAl S Judging from the production figures giver, nif. bj Inie Iron and Steel Instl-; Instl-; :. here, the American-German-Frorieh alliance will be in the position to Bteani-ronor all rivals. These are the statistics of output of pig iron and steel ingots by the four countries involved in-volved in the sfol war: United States, 1919 .. .65. 000. 000 tons Germany, luis 3k.44.2i)l tons France, 1913 9,88,063 tons (Jre.,t Britain. 1913. . .1 7.923 000 tons The Britishers are alive lo the fact that the coming fight is to be a real one They know that no machinations Will be Omitted by either side anef" that no trade strategy or business tricks Will remain unutilized in the struggle Wil l MOI D HER o N F, W . Harboarel, probably the greatest great-est steel expert In the Uritlsh empire is confident that Rrltam will hold her qwn Interviewed today, he said: While the United Stales had e'try oppertunlt- during the war to secure world trade, at the same time the reputation repu-tation of the English steel trade and the quality of their output was such that I do not believe the United States Steel Corporation or any other foreign corporation, can tak..- away our customers, custo-mers, but the difficulty here Is In b-taining b-taining sufficient supplies of raw material. ma-terial. Durng the war large quantities of pig iron wore Imported chiefly from the United States. "I consider our new consolidation one- of the biggest steps forward taken for many years h the steel trade In this country. I am well acquainted with the plant3 of both the Dominion Btee Corporation of Canada and the Nova Scotia Steel and Coal companv. OPENS M A SUPPIjX "It should be of the greatest help In enabling Various finishing mills In this country to be kept going at top speed. "It opens out a new source oT supply sup-ply of raw materials for the United Kingdom for many years to come, as thi resources controlled by the British Empire Steel Corporation are not only amongst the largest known deposits In the world, but mining costs are exceptionally excep-tionally low and Shipping facilities a!-incst a!-incst unique, ' Tho steel masters of Great Britain are fully alive lo the situation and do not intend to allow foreigners to keep their hold, won while we were- at war on the supremacy of trade that lias made England famous in the past in the commercial markets of the world." |