Washington Conferences on a Code for the Steel Industry
Much of the Optimism felt over the recovery of industry during the last four months has been based on the phenomenal upturn in the heavy steel industry, long considered a “barometer” of general business. As the basic industry behind all the many and varied types of manufacture using its products, the steel industry represents the largest single element in the country's industrial life,1 It is the key industry of the so-called ’durable’ industries which are affected most sharply when depressions begin and are the last to recover. Its recovery, therefore, is particularly significant as indicating an end of the period of business stagnation.
Because of the importance of the industry, its organization into large, strong units,2 and ...