Archive Report
Archive Report
Basic Steel production during the first quarter of 1930 fell 12 per cent below that of the first quarter of 1929. During January-February-March of this year American steel mills operated at about 80 per cent of their capacity, which a few years ago would have been considered a highly satisfactory record. During the corresponding period of 1929, however, the mills operated at more than 90 per cent of capacity.
1929 | Steel ingot production (gross tons) | Per cent of capacity in operation | 1930 | Steel ingot production (gross tons) | Per cent of capacity in operation |
January | 4,490,343 | 84.80 | January | 3,786,450 | 71.51 |
February | 4,326,011 | 91.91 | February | 4,067,971 | 86.43 |
March | 5,058,258 | 99.20 | March | 4,288,985 | 84.42 |
13,874,612 | 91.88 | 12,143,406 | 80.42 |
In 1929 the American steel industry had the largest output in its history and earned the largest profits of any peace-time year. In the six months from April to September, 1929, operations averaged 95.98 per cent of capacity. ...