STEEL AND OIL
SHORTAGES DEVELOP America Feels Loss Of Metal Shipped To Japan L'nite<l Press Association.—Copyright. Rec. 2 p.m. WASHINGTON', Aug. 1. The United States defence programme is reaching such proportions that it is already taxing the nation's industrial resources, immense though these are. The most serious shortages are in steel, aluminium and oil —oil mainly because of the difficulty of providing tankers. Some concern has been caused by a statement by Mr. Eugene Grace, president of the Bethlehem Steel Corporation, that the increasing scarcity of scrap steel and pig-iron is likely to force a curtailment of production unless new supplies are found. Mr. Grace said the nation was feeling the pinch of 10 years' exports of scrap to Japan to feed the Japanese military machine and industry. The Government is discussing measures to cope with the shortage. The British purchasing authorities have been asked to confine their requests as far as possible to finished products rather to ingots and semifinished steel.
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Auckland Star, Volume LXXII, Issue 181, 2 August 1941, Page 8
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162STEEL AND OIL Auckland Star, Volume LXXII, Issue 181, 2 August 1941, Page 8
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