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A Spark of Vitality Returns To the American Steel Industry; Red Ink Fades As Dollar Falls And Sales Rise
From:
The Washington Post
| Date:
September 13, 1987| Author:
Cindy Skrzycki
| Copyright 1987 The Washington Post. This material is published under license from the Washington Post. All inquiries regarding rights should be directed to the Washington Post.Copyright information
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The U.S. steel industry has been down so long that it looks like
up from here.
And it is up, compared with the $12 billion in losses that the
industry suffered in the past five years. For the first two quarters
of this year, most of the nation's huge integrated steel mills had
modest bottom line or operating profits. Fatter returns are expected
for the third quarter.
More good news for the industry: Steel prices are the highest in
three years, imports have declined slightly...
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