Magazine content is available exclusively for TIME subscribers.Steel: Competition Moving Inland
A third of the nation's steel and nearly two-thirds of its highly profitable sheet and strip is consumed within 250 miles of Chicago, but only a fourth of U.S. steel is produced in the area. Aware of the opportunities this situation offers in the world's fastest growing steel market, major steel companies are spending nearly $1 billion to expand or build new facilities in the Indiana industrial complex near Chicago.
U.S. Steel is in the midst of a $300 million expansion of its Gary works, and second-ranked Bethlehem has already spent $350 million...
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