Trends

THE iron and steel industry spent $1,170,000,000 in 1952 for improvements and expansion, with an accompanying rise of 9 million net tons in capacity to 117.5 million tons of ingots and steel for castings. More than $4,600,000,000 has been invested in the seven years following World War 11. An average of $1260 has been laid out every minute during those seven years for an increase in capacity of 25.6 million tons.