STEEL
DEMAND LESSENS
Scrap
Depots To Be Opened
NEW
YORK, N.Y.—The industry publication Iron Age announced this week a plan by the
steel industry to establish fifty scrap depots throughout the country. The
purpose of the depots is to handle a “huge flood of…scrap which is expected in
the next two to three months.” By centralizing scrap in depots, it can be kept
out of manufacturing plants, which will help keep production up. On October 6,
the War Production Board (WPB) revoked five orders, lifting or easing
restrictions on several metals and materials. Revoking the orders was in
response to improved supplies and intended to assure civilian production
continues. Production of steel ingots increased by half a point this week to ninety-six
per cent of capacity.
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