Steel Industry Defies Irate Kennedy
Steel Industry Defies Irate Kennedy
Steel Industry Defies Irate Kennedy President Kennedy devotes the major portion of his news conference to denouncing the big steel companies for raising steel prices by $6 a ton. He gives his opinion on its effect on the economy. President John F. Kennedy seen walking up to podium. Press, reporters seated in auditorium. Newsreel cameras. Natural audio of President Kennedy at press conference. "A few gigantic corporations have decided to increase prices in ruthless disregard of their public responsibilities. Some time ago, I asked each American to consider what he would do for his country, and I asked the steel companies. In the last 24 hours, we heard their answer." Reporters seem to run or scamper out of the room. An industry answer comes from the chairman of the board of U.S. Steel, Roger Blough, who says they need the raise for plant improvements. Natural audio of remarks. Reporters, two stand holding notebooks.