17 DECEMBER 1937, Page 42

* * STEEL PRODUCTION.

So far as steel production is concerned, there are certainly no signs of a set-back, let alone a slump, in our main industries. The latest official figures show that the British production of steel in November touched the peak figure of 1,178,300 tons, comparing with 1,133,600 tons in October and with 1,001,300 tons in November of last year. Pig iron production for the month was slightly lower, but showed a material increase over the results for November of last year, and last month's decline is explained by the fact that there were only thirty blast furnace days in November compared with thirty-one in the previou4 year, but the daily rate of output was actually higher; the starting of the first of the two new blast furnaces at Ebbw Vale contributed to the increase. From present indications it looks as though the current year's production of steel would amount to 12,850,000 tons, in which case the figure will be the highest ever recorded.