United States Steel Corporation

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This modern continuous quenching and drawing furnace at the Homestead District Works near Pittsburgh is used to produce superior quality heat treated, alloy plates.
Financial Summary Robert C. Tyson, Chairman of Finance Committee Economic growth and steel Much is being said by many these days about economic growth. Significant economic growth is impossible in our modern era without the abundant production and fabrication of steel into thousands of kinds of tools, structures and other useful products. Conversely, without economic growth a major part of the market for steel must wither away. No industry has a greater stake in economic growth than the steel industry, or is likely to suffer more widespread injury should national growth falter. These truths are virtually self-evident. Iron is abundant in the earth's crust and iron ore is fortunately found in such concentrations that iron - and hence steel - is among the least costly of all metals. That is of great importance, but beyond that, as described in another part of this report, steel is an extraordinarily useful metal capable of being made to meet a wide range of specifications. Over 95 per cent of our civilization's metal requirements are met by steel. It is out of steel that the tools of production, through which growth is achieved, are fashioned. <strong>Steel</strong> is embodied in the nation's accumulation of durable wealth. The goods and services we enjoy require the presence and use of steel in mines, farms, forests and factories; in power, transportation and communication systems; and in business, residential and public structures. Its accumulated presence gives economic power and its expansion is involved in economic growth. :23
Page 1: Annual Report 1960 @ United States
Page 4 and 5: Molten steel being poured from an e
Page 6: confidence that the productive capa
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Page 11 and 12: Below, fall scene in Wyoming's rugg
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Page 16 and 17: 3 2 Lost-T ime Accidents Steel Prod
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Page 31 and 32: Plant & Equipment Expenditures VS.
Page 33 and 34: Consolidated Statement of Income 19
Page 35 and 36: Common stock Under the Stock Option
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United States Steel Corporation

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