IRON AND STEEL SCRAP 519


Order M—24, devised to conserve the supply and direct the distribution
of iron and steel scrap, and placed scrap under full priority control, allocating
it in a manner similar to pig iron. At the same time the Bureau of Mmes expanded
its monthly iron and steel scrap surveys, furnishing the results to the Office
of Production Management and other defense agencies for their confidential
use. The survey of suppliers', producers', and consumers' stocks at the end
of 19412 j~aJj. cated inventories approximating 4,994,000 net tons, which
was equivalent to a 4-week supply at the December rate of consumption. This
showed a declining trend in iron and steel scrap stocks, as surveys conducted
earlier in the year indicated that inventories were equivalent to a 5- to
6-week supply at the rate of consumption at that time. Consumers' stocks
of scrap decreased from 5,471,554 tons at the beginnmg of 1941 to 3,726,030
tons at the close

Salient statistics of ferrous scrap and pig iron in the United States, 1940—41

1940
1941
Change in

1941

(percent)


















Stocks, December 31:
Ferrous scrap and pig Iron at consumers' plants:
 Home scrap                              
 Purchased scrap                          
Pigiron                                


Ferrous scrap at suppliers' yards and producers' plants:
Prepared scrap                           
Unprepared scrap                          
Scrap In transit to yards or for export and at docks~..


Consumption.:
Ferrous scrap and pig Iron charged to— Steel furnaces:'
Home.scrap                           
Purchased scrap
Pig Iron~           


iron furnaces: 8
Home.scrap                            
Purchased scrap                        
Pigiron                              


 All I'urnaces:
Home scrap                           
Purchased scrap
Pig Iron                              


Ferrous scrap (total)                       
Exports:
Iron and steel                                
Tin plate, waste-waste, circles, strips, cobbles, etc      
Average prices per gross ton:
Scrap:
No. 1 Heavy-meltIng, Pittsburgh5             
No. 1 Cast cupola'                        
 For export                               Pig iron, f. o. b. Valley furnaces:'
Basic                                  
No.2 Foundry                           
Net tons
Net tons

1,783,920
3687634
3,242,324
1,166,551
2,559,479
1,585,199
—P85
—31
—51
8,713,878
5,311,229
. —39
1,418,266
724,087
48,958
675,952
515,417
(1)
—52
—29
(1)
2,191,311
1,191,369
. —46
19,680,106
14,080,677
40,172,734
26,433,206
18,061,681
48,547,426
 +34
 +28
. . +21
73,933,517
93, 042,313
+26
5,367,617
5,401,271
6,013,094
7,471,474
7,249,895
7,638,046
+39
+34
+27
16,781,982
22,359,415
+33
25,047,723
19,481,948
46,185,828
33,904,680
25,311,576
56,185,472
 +35
 +30
 -1-22
- +27
90,715,499
115,401,728

44,529,671
59,216,256
+33
3,126,389
15,923
~685,464
~9,989

$19.26
19.85
16.87
$20.34
22.25
18.56
+6
j-12
+10
22.52
23.03
23.50
24.00
+4
+4
' Data notobtained In 1941 canvass. ' Includes open-hearth bessemer, and
electric furnaces.
' Includes cupola, air, brackelsberg, puddling, crucible, and blast (urnaces;
also direct castings.
4Flgures cover January to September, inclus1v~ ' Iron Age.

' Bureau of Mines, Iron and Steel Scrap Monthly Stock Reports: No. 16, May
18, 1942, 7 pp.

497779—43——35