Iron & Steel

The week's news from the world's ironmongers and steel-shapers:

P:U. S. pig iron production for March was 3,430,000 tons, or 110,640 tons daily, the largest output in the twelfth month. Furnaces approximated 90% capacity; 236 blowing on April 1.

P: Four steel trusses, each of 156 tons and so the world's largest, were fastened into the skeleton of the new Level Club (Masonic) in Manhattan last week by 8,000 rivets each. They will dome an auditorium, support above nine stories of hotel bedrooms. Engineers, architects and builders studied their placement.

P:Mannesmann Tube Co. of Dusseldorf, Germany, largest steel-tube maker there, last week privately borrowed $5,000,000 in the U. S. through the American & Continental Corp. (U.S.) and M. M. Warburg & Co. (Hamburg, Germany).

P: Kuhn, Loeb & Co. last week offered $10,000,000 of bonds of "Arbed," the United Steel Works of Burbach-Eich-Dudelange, Luxembourg, the largest European steel makers. Their annual ingot capacity is 2,770,000 tons, ranking next to U. S. Steel, Bethlehem Steel and Youngstown Sheet & Tube.