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|
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. ...