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Dickenson County Herald
Clintwood, Dickenson County, Virginia
What is this article about?
U.S. steel production reached a record 89,400,000 tons in 1944, peaking in March and exceeding 1943 output by 600,000 tons, though late-year production fell; after-tax earnings projected at $170 million, down from $201 million in 1943.
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Peak Output
Hitting its peak in March before gradually leveling off, U. S. steel production for 1944 reached a record 89,400,000 tons of ingots and castings, 80 per cent over maximum output in World War I and 11½ times over Axis Europe's probable turn-out last year.
Because of the industry's heavy output during the first part of the year, it was able to top 1943 production by 600,000 tons. Output in the last part of the year dropped more than 600,000 tons over the same period in 1943.
"Despite higher production, earnings, after taxes, for 1944 probably will approximate 170 million dollars, compared with 201 million in 1943," a spokesman for the industry said.
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Domestic News Details
Primary Location
U.S.
Event Date
1944
Outcome
record production of 89,400,000 tons of ingots and castings; topped 1943 by 600,000 tons; late-year output dropped more than 600,000 tons below 1943 equivalent; after-tax earnings approximately 170 million dollars vs. 201 million in 1943.
Event Details
Hitting its peak in March before gradually leveling off, U. S. steel production for 1944 reached a record 89,400,000 tons of ingots and castings, 80 per cent over maximum output in World War I and 11½ times over Axis Europe's probable turn-out last year. Because of the industry's heavy output during the first part of the year, it was able to top 1943 production by 600,000 tons. Output in the last part of the year dropped more than 600,000 tons over the same period in 1943. "Despite higher production, earnings, after taxes, for 1944 probably will approximate 170 million dollars, compared with 201 million in 1943," a spokesman for the industry said.