Show steel in 1893 the year 1893 was one of panic and depression in the united states conditions which were reflected in iron and steel operations production of pig iron dropped 22 per cent below output in the year before amounting to only tons the lowest output since 1888 steel production likewise dropped the tons produced in 1893 being 18 per cent below total steel output in 1943 will be 20 times the 1893 total the number of blast furnaces in production during 1893 was the lowest in the 20 years that statistics on that point poin had been compiled iron and steel prices were also down in 1893 trade paper price quotations indicated the lowest price levels since 1873 |