The increases in iron and steel prices notified in the Control of In and Steel (No. 4) Order, 1939—whici was signed py the Minister of Supply in November—are rather more moderate than many in the trade} expected, considering the heavy increases in raw material costs o::- perienced since the outbreak of the wer. In round figures, ihe advance is of the order of 10 per cent., says the "Financial Times."
Steel-making and forge and foundry pig-iron has been advanced by 9s. per ton; heavy steel, like billets, blooms, slabs, joists, sections, plates, collier; arches and girders has been increased by 20s. per ton.
Light re-roiled products, like smell angles, bars, sections, hot rolled hoop and strip, spring steel bars, file steel bars, reinforcing bars, and rivet, bolt end nut bars have been raised 24s. per ton. 1 Sheets, both black and galvanised. have been raised by 27s. 6d. per ton, while tin-plate has been put up by 1s, 1¥¢d. per basis box.
Text read from the printed page and cleaned; old type leaves the occasional error.