Soft as Steel

November 1977
National Review;11/11/1977, Vol. 29 Issue 44, p1284
The article focuses on the problems facing the U.S. steel industry. Steel has been the favorite target of federal pressure and price controls during the postwar period in the U.S. Recent increase in the prices of steel and steel products indicates that the price war is still on. The fact that steel production requires a lot of energy, and that energy costs have exploded, is rarely mentioned. American steel has lost its competitive position at home because firms have failed to modernize and have agreed to sizable wage settlements.


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