What is wrong with the British iron and steel industry?

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Monograph

Identifikator:: 1868556093

URN:: urn:nbn:de:zbw-retromon-249484

Document type:: Monograph

Title:: What is wrong with the British iron and steel industry?

Place of publication:: [London

Publisher:: The London Caledonian Press]

Year of publication:: 1931

Scope:: 23 S.

Digitisation:: 2022

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

Index and the principal Wages Sliding Scale of the Heavy Steel Trades :— Year 1913 1922 1923 1924, 1925 1926 | 1927 1928 | 1929 | 1930 Iron and Steel 100 136-8 147-2 142-9 125-9 123-5 120-0 “9.0 4D Prices All Com- modities 100 158-8 158-9 166-2 159-7 148-1 141-4 140-4 186-5 119-9 Sliding Scale Percentage 100 129-5 117-1 121-6 119-0 106-8" 106-4 108-1 108-1 108-1 Cost-of- Living Index 100* 1825 178-7 174-7 1755 172-2 167-5 165-2 164-0 157-7 Tul. It is frequently asserted—and this has been a feature of discussions concerning it in political circles—that the in- dustry is altogether ‘out-of-date in its plant, technique, methods and organisation. Such sweeping generalities of condemnation are not justified by the facts, but may too readily be made an excuse for the failure of Parliament to recognise its share of responsibility with regard to the position of a great basic industry. We would not charge the present Prime Minister with any disregard of that aspect of the case, but he can hardly have been well served by his advisers before making so unqualified a statement with regard to the industry which was reported in his speech at Northampton in March last. So far as any systematic organisation of the industry and its resources is concerned, we do not question the indictment, but in other respects there is ample evidence to show that considerable advance has been made in technique ~ and mechanieal equipment as regards steel-producing furnaces and different classes of rolling mill plant. In this matter the conclu- sion of the delegation which visited the Continent last year is justified when they state that on comparison they found that ‘“‘the modernity and equipment of certain units of plant was equal to, and in some cases superior to, the iron and steel plants which had been seen on the Continent.”” Moreover, developments in other directions have taken place under the auspices of the National Federation of Iron and Steel Manufacturers, such as the British Steel Export Association to develop the export market, the Britisb Steelwork Association to expand the use of steel in tne home market, particularly that used for structural purposes, and the establishment of (11

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