4.B221: Ex 714

COMMITTEE ON BANKING AND CURRENCY
HOUSE OF REPRESENTATIVES

EIGHTY-FOURTH CONGRESS

SECOND SESSION

ON

H. R. 9052

P87-95

74197

FEBRUARY 23, MARCH 5 AND 6, 1956

Printed for the use of the Committee on Banking and Currency

UNITED STATES
GOVERNMENT PRINTING OFFICE

WASHINGTON: 1956

STANFORD
LIBRARIES

CONTENTS

H. R. 9052, a bill to amend the Export Control Act of 1949 to continue for
an additional period of 3 years the authority provided thereunder for the
regulation of exports_-_.

Statement of-

Barringer, Edwin C., executive vice president, Institute of Scrap

Iron & Steel, Inc.; accompanied by William S. Story, director of

public relations_.

Donaldson, F. Kermit, executive vice president, Steel Founders'

Society of America__

McClellan, Hon. H. C., Assistant Secretary of Commerce, accom-

panied by Loring K. Macy, Bureau of Foreign Commerce; John C.

Borton, Director, Office of Export Supply; and Nathan Ostroff,

Assistant General Counsel, Department of Commerce_

Rosoff, Morris, representing National Federation of Independent

Scrap Yard Dealers, Inc.__

Ryan, Lowell D., managing director, Malleable Founders' Society-

Wolcott, Robert W., chairman of the board, Lukens Steel Co---

Workman, Donald H., executive vice president, Gray Iron Founders'

Society, Inc...

Additional data submitted to the commitee by—

Page

1

84

173

1, 51

154

172

115

142

Department of Commerce:

Advisory Committee on Export Policy.

50

Iron and steel scrap situation__

52

Legal enforcement activities.

Export control violators, April 1, 1953, to December 31,

1955-Administrative cases_

Letter of March 7, 1956, to Hon. Brent Spence (enclosures).
Criminal cases (already convicted or awaiting trial)_.

Price of steel scrap, pig iron, and finished steel, selected periods_-

Trade of selected countries in iron and steel mill products, with

world and with Soviet bloc, 1954 and January–June 1955_-

Gray Iron Founders' Society, Inc., Cleveland, Ohio:

Current operating rates of various marketing areas which co-

operate in society's monthly statistical summary_

10

13

153

Institute of Scrap Iron & Steel, Inc.:

Chart I. Scrap exports versus consumption (millions of gross

tons)

89

Chart II. Iron and steel scrap versus pig iron and finished steel

(index: 1947–49=100).

90

Chart III. No. 1 heavy melting steel composite_

91

Chart IV. Iron and steel scrap (millions of gross tons).

Chart V. Machinery cast at Chicago___

92

93

Mumma, Hon. Walter M.:

Letter of March 7, 1956, from Institute of Scrap Iron & Steel,

Inc..

179

Rosoff, Morris:

Commerce Department Agrees That Restrictions on Scrap Iron

Exports Are Not Advisable, article from Waste Trade Journal,

March 3, 1956_.

166

Vanik, Hon. Charles A.:

Barton, E. L., president, Fulton Foundry & Machine Co., Inc.,
Cleveland, Ohio, letter of March 1, 1956.

141