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By Abderrafih Guessous

INTRODUCTION Morocco is an important lead-zinc producing country: 120,000 tons of lead concentrates were produced in 1968. Zinc ore production is less, 67,000 tons of concentrates in 1968. Most of the present production comes from three districts (fig.1) (i) Touissit-Bou Beker district, in the eastern part of the country, close to the border with Algeria. (ii) Aouli-Mibladen district, in the central part of the country. (iii) Aouam district, about $0 miles south of Meknes. In the first district lead and zinc are always found together. The two other districts produce mainly lead. This paper will be limited to a short description of geology and mining methods in the three aforementioned districts. More detailed geological informations can be found in the symposium on lead-zinc deposits in Africa (1).

Jan 1, 1970

INTRODUCTION Within the past few years Clark (1972), King (1970), and King, et al. (1973), have summarized porphyry molybdenum occurrences. Clark (1972) includes as porphyry or stockwork deposits some occurrences more recent exploration has shown to be of other genetic types. King (1970) and King, et al. ( 1973) provide broad general descriptions that unfortunately are restricted to the US. Nor does the King, et al. (1973) description have benefit of the Wallace (1974), Hall, et al. (1974), or Giles (1975) data on alteration, fluid inclusions, or isotope chemistry. The synthesis presented here up- dates these older summaries, eliminating all but the well established porphyry molybdenum deposits as well as enumerating the unifying characteristics displayed by these deposits within the Cordillera of North America. This type of deposit occurs in the South American Andes as well, but Andean deposits are not well documented so only North American Cordilleran deposits are considered. Stockwork, porphyry, and Climax type molybdenum deposits are synonymous geo- logical labels for the large molybdenite de- posits found in parts of the western Cordillera of North America (Khruschov, 1959). These labels describe and define the type of deposit discussed herein. The term porphyry is preferred for this chapter because it describes the common characteristics; it separates the molybdenum deposits from the porphyry copper deposits, which have many similarities but also important differences. This usage also eliminates blanket application of the word stockwork to breccia pipe deposits such as Boss Mountain in British Columbia. J. R. Woodcock has contributed much to this chapter; his influence, original data, and thoughtful comments qualify him as co-author. Porphyry molybdenum deposits are characterized by fine-grained molybdenite occurring alone or with quartz and/or pyrite in fractures and open spaces of stockworks and breccias. The molybdenite is generally less than one millimeter across and in many cases too fine-grained to be seen with the aid of a hand lens. Occasionally some deposits con-

Jan 1, 1978

By Arne Paus-Jenssen

Some aspects of the policies developed by Saskatchewan with respect to the provincial potash industry are discussed. The provincial potash policy was developed initially to deal with problems associated with an excess supply and consisted of output restrictions and floor prices. Changing market conditions led to a situation of rapidly increasing prices and revenues for the potash producers, and the nature of the policy problem switched from one of stabilizing the industry to one of levying increased taxes to enable the government to capture a portion of the revenues. The first part of the paper explains why a provincial potash policy was developed, the problems it attempted to deal with and how. The second part is an attempt to examine, from a public policy point of view, the impact of these policies on the potash industry.

Jan 1, 1977

By Rossiter W. Raymond

THE lead-mining industry of Missouri, as of other parts of the Mississippi basin, appears to have been paralyzed by the shock of competition with the mines of the States and Territories further west. It is difficult for establishments working galena ores, too poor in silver to pay for extracting it, to compete with the producers of the argentiferous carbonates of Utah and Colorado, who look upon their lead as a byproduct of little value, and are satisfied if it pays the charges of transportation, or the loss in smelting for silver. But simultaneously with this depression in the lead-mining of the Mississippi States, the development of new zinc deposits has caused a notable revival in the mining of zinc ores. There has recently been a sudden and strong rise in the price of spelter, which, though probably to a large extent temporary in character, has given important encouragement to prospectors and miners. Apart from the general recovery of business in the United States from the prostration of the past six years, the cause of the advance in spelter has been the falling off in production, resulting from the shutting down of several leading Western works,-the Martindale and Carondelet works, at St. Louis, and the Consolidated Company in Kansas. At the same time, the principal works at La Salle, Ill., were undergoing repairs, and produced less than usual, while the sheet-mill of Matthieson & Hegeler, at that place, was running as usual; so that this concern, ordinarily a large producer, entered the already depleted market as a buyer. These causes are in their nature transitory, and it is quite likely that spelter will be superabundant in a few months. Having lately received from a well-informed Missouri corres¬pondent some samples of the zinc ores and a general account of the ore deposits of Southwest Missouri, I have thought that it might interest the Institute to examine these specimens, and to hear such brief statements concerning the region as I am able, upon good authority, though without the aid of any personal investigation on the spot, to give. The zinc-bearing territory in Southwest Missouri appears to be very extensive; that is to say, zinc ores have been mined during the last year at various points throughout a district extending from the eastern edge of Kansas, west of Joplin, to a line some 50 miles east

Jan 1, 1880

By Arthur V. Abbott

During the past four years I have had occasion to make quite extensive use of steel castings in the manufacture of testing-machines and large scales for Messrs. Fairbanks & Co. The failure of some of these' castings at stresses much below those which were claimed for them by the makers, induced me to institute a series of experiments to determine the actual constructive value of the steel castings now to be obtained in this country. The art of steel-casting is rapidly improving, almost every issue of the scientific press bringing accounts of some new development; consequently, the results of the following experiments are only exponents of the value of steel castings as at present made. In order to make the examination as thorough as possible, ten sets of patterns were made and forwarded to as many different firms in the country who advertised to make steel castings. The first part of the accompanying table gives a list of these manufactures, together with the price per pound. The order accompanying the patterns simply requested the manufacturer to supply two castings from each pattern of his ordinary product of steel. These castings were sent to me and paid for in the usual manner, so that it is probable that the samples fairly represent the quality of the average of steel castings, and are free from the suspicion of being "special runs." Two patterns were sent to each maker, one being a straight

Jan 1, 1886

By E. S. Moore

THE Kolar gold field has been for a long time the most important gold-producing area of India. It is situated in the State of Mysore, southern India, and not far from the City of Bangalore. The productive field is about 3 miles long and in it a gold-bearing quartz vein varying in width from 1 in. to over 10 ft. is worked. The vein carries high values to great depths and many of the mines have paid large dividends. GEOLOGICAL FORMATIONS IN THE MOLAR REGION The rocks of the Molar region are pre-Cambrian in age and bear a close resemblance to some of the pre-Cambrian formations of America. The oldest rocks seen are basic lavas, now mostly altered to hornblende-schists, with which is associated some banded iron-formation; these rocks are similar to the Keewatin schists and iron-formation in the Lake Superior region. The schist is cut by the gold-bearing quartz vein. In certain parts of the area there is also a conglomerate containing pebbles of granite, jasper,, and schist. The matrix resembles a horn-blende-schist and is intruded by small granite dikes, which in some cases have been pinched off by squeezing of the rock. This has led Dr. W. H. Smeeth, Chief Inspector of Mines of Mysore, to whom the writer is greatly indebted for information regarding this area and for his hospi-tality while visiting the field, to regard this conglomerate as a breccia due to crushing of granite dikes in the schist. Dr. J. W. Evans has regarded the conglomerate as probably a squeezed glacial boulder clay. From analogy with pre-Cambrian conglomerates in America, the writer regards it as a metamorphosed rock similar to our basal Huronian conglomerate. However, the main bearing which it has upon the problem under discussion is the apparent fact that it is younger than the schist

Jan 3, 1918

By Alfred Heggem

IT is the purpose of this article to describe methods recently introduced into the oil and natural gas industry to safeguard the lives of the workmen and to protect property from destruction. Only such drilling methods are described as pertain directly to the operations necessary to maintain the well under complete control at all times. Wells Formerly Drilled Without Controlling Equipment It may seem incredible that practically all wells, until recently, were drilled without the provision of any means for control. To drill a hole into a boiler carrying high-pressure steam without first providing means to control the escape of steam would be unthinkable, yet in oil fields wells are drilled into a gas or oil formation with a possible pressure of 300 to 1,800 lb. per square inch and a daily flow of 20,000,000 to 80,000,000 cu. ft. of gas or 1,000 to 15,000 bbl. of oil per day. Some wells have produced in excess of 100,000 bbl. of oil per day, but these are exceptional cases. In addition to the loss of product, one must consider the great danger attendant upon the promiscuous liberation of such an amount of explosive and inflammable substance.

Jan 1, 1916

By T. F. McCormick

THIS year, 1950, is the golden anniversary of the construction and operation in this country of a tube mill for the sole purpose of fabricating aluminum alloy tubing. For a short period prior to the beginning of this mill, aluminum alloy tubing was obtained from foreign sources or produced in mills fabricating other metals. Indeed, it was a very short period because aluminum itself was a newcomer in the field of metals. The first sheet rolling mill had been in operation just eight years and a rod rolling mill for the production of wire and cable had been functioning one year. The first tube mill for aluminum was built by the Aluminum Co. of America in May 1900 and started production with four draw benches and five men, including the mill superintendent. The building itself was a lean-to attached to a sheet-rolling mill at New Kensington, Pa. The cost of equipment, including the draw benches, dies, mandrels, and other tools, was about $5000. This figure seems absurd in the present day but nevertheless it was questioned at that time whether or not such a large sum should be spent to embark on a new and uncertain venture. The initial production system for the new mill consisted of casting round hollow ingots in a tilting-type iron mold, reducing the ingots to bloom size outside the plant, and finally drawing to size on the draw benches. This method of producing aluminum alloy tubing survived just two years, as blooms of satisfactory quality were not obtained consistently. It was superseded by the cupping method in which a 24-in. diam circle cut from a rolled plate was formed into a tube bloom using first a small cupping press and then a push bench. It was stated that tubing so produced was limited to a maximum diameter of 2 3/4 in. and to wall thicknesses varying from 12 to 24 gage. However, for the first time all the operations were performed at one plant and the result was a quality product. Later larger cupping presses and push benches were obtained and the method continued to be the principal one for aluminum alloy tubing for almost a quarter of a century. During the interim the use of a Alan Mannesmann -type billet piercer was explored and it was used to some extent, but failed to produce consistently a smooth inside surface suitable for drawing with aluminum alloys. Experiments started during the latter stages of World War I in the production of tube blooms with a hydraulic extrusion press, led to the use of this type of equipment to make tube blooms for further drawing during a change-over period extending from 1925 until 1930. At this time the cupping method was discarded completely. From these humble beginnings, the aluminum alloy tubing business expanded until well over six million pounds were produced in a single month in the United States during World War II. The major portion of this production was in strong alloys which did not appear in the tubing picture until 1022, when 17S alloy tubing was introduced for aircraft construction.

Jan 1, 1951

By David Branch, Martin J. White, Faramarz P. Hassani

The work presented in this paper is part of an overall research programme into the problem of stability of main access roadways driven in Coal Measure strata. Data about the post-failure behaviour of rocks are generally of a qualitative rather than quantitative nature. This investigation represents the initial part of a long-term research project aimed at quantifying the post-failure properties of Coal Measure rocks and to investigate their effects on tunnel stability. The results of tests conducted to evaluate the post-failure strength characteristics of Coal Measure rocks under uniaxial and triaxial stress conditions are presented. Empirical failure models are proposed to define the triaxial intact and residual failure properties of these rock types. The application of such data to closure prediction techniques of underground excavations are outlined and discussed.

Jan 1, 1984

By John S. Bell, J. M. Shepherd

pressure difference of 280 psi measured initially on opposite sides of the major fault in the Hawkins Field led to pressure determinations in the Woodbine sand throughout the East Texas basin. Considering the large area, there is unusually good correlation between pressure losses and points of major withdrawals, these losses indicating that the basin pressure has been materially reduced by withdrawals, primarily from the East Texas Field and secondarily from the old fault-line fields of Limestone and Navarro counties, with the pressure loss varying inversely with the log of the distance from these two main areas of basin withdrawals to the measurement points. Apparently faults located throughout the basin serve as local blocks to continuous pressure gradients. INTRODUCTION The pressure anomalies found in the Hawkins Field, Wood County, Texas,' shortly after discovery have led to an area-wide investigation of the pressure distribution within the Woodbine sand of the East Texas basin. These pressures were obtained by drill-stem tests made for that sole purpose while drilling wildcat wells to deeper horizons. The Woodbine sand of Gulf Cretaceous Age is or has been productive of oil and gas in 42 different fields, with the 28 oil fields currently active having produced 118,000,000 bbl of oil during 1949. With one exception, producing energy for all Woodbine reservoirs has been from water drive provided predominantly by expansion of the tremendous volume of water contained in the Woodbine sand. This producing mechanism was recognized at an early date and was described mathematically by

Jan 1, 1951

By John S. Bell, J. M. Shepherd

pressure difference of 280 psi measured initially on opposite sides of the major fault in the Hawkins Field led to pressure determinations in the Woodbine sand throughout the East Texas basin. Considering the large area, there is unusually good correlation between pressure losses and points of major withdrawals, these losses indicating that the basin pressure has been materially reduced by withdrawals, primarily from the East Texas Field and secondarily from the old fault-line fields of Limestone and Navarro counties, with the pressure loss varying inversely with the log of the distance from these two main areas of basin withdrawals to the measurement points. Apparently faults located throughout the basin serve as local blocks to continuous pressure gradients. INTRODUCTION The pressure anomalies found in the Hawkins Field, Wood County, Texas,' shortly after discovery have led to an area-wide investigation of the pressure distribution within the Woodbine sand of the East Texas basin. These pressures were obtained by drill-stem tests made for that sole purpose while drilling wildcat wells to deeper horizons. The Woodbine sand of Gulf Cretaceous Age is or has been productive of oil and gas in 42 different fields, with the 28 oil fields currently active having produced 118,000,000 bbl of oil during 1949. With one exception, producing energy for all Woodbine reservoirs has been from water drive provided predominantly by expansion of the tremendous volume of water contained in the Woodbine sand. This producing mechanism was recognized at an early date and was described mathematically by

Jan 1, 1951

By Charles W. Goodale

The purpose of this paper is to review the history of the Drumlummon, one of the famous old mines of the West. Mining engineers, when sent to examine new mines in old districts, or, to decide whether an old property, under new conditions, will pay to reopen, have had difficulty in learning anything authentic regarding workings which are under water, and historical facts about the working character of the ore, the total production, and the value of the ore with increasing depth. 'Not many years elapse after the pumps are pulled, before maps, books and records are destroyed, and the value of the publications of the Institute would be increased if they contained the history of many old mines now abandoned. The unsuccessful efforts of the writer quite recently in trying to obtain reliable information about a gold mine which was reported to have produced several million dollars between 1880 and 1888, the workings of which are now partially caved and under water, impressed upon his mind the desirability of having a permanent record of old properties. In this particular case, the owners insisted that under present conditions of improved methods of treatment —particularly by the use of cyanide, which was not an applied process when the mine was operated, the property could be made to pay a handsome profit on ore left in sight in the old workings, but no assay records could be found to confirm these assurances, and even the records of bullion shipments had been destroyed. If surveys and maps were made as the work progressed, no trace of them could be found, and therefore opening of the ground through a new shaft and drifts therefrom would be attended by some risk while exploring near the old workings. Fatal accidents by flooding under these conditions have occurred, and as an evidence that miners have fears of such dangers, it was urged upon the Mining Committee during a recent session of the Montana Legislature, by a delegation of

Jan 1, 1915

By William M. Bowron

In the hope that a brief description of the conditions that are favorable or unfavorable to success in the practical treatment of titaniferous ores in the blast-furnace may not be without interest to the members of the Institute, the present paper is submitted. The class of ores of which I speak may be described as magnetites, with a gangue of siliceous matter, in which a portion of the silica is replaced by titanic acid. Professor Dana, in his System of Mineralogy, gives a long list of representative analyses of titanic iron ore in which the percentage of titanic acid varies from 59 down to 34. If the percentage is below the latter figure, the ore is no longer recognized as a "titanic ore;" although, according to my experience, titanic acid is present, in small quantities, in almost all ores. In the methods followed in ordinary analysis it is usually included with the "insoluble matter," unless special search is made for it. In the ores usually regarded as "titanic "the proportion of titanic acid frequently assumes quasi definite percentages, such as from 4 to 5, 8 to 9,12 to 13, and so on, in an ascending scale to those higher percentages that do not at present concern us. The proportions quoted characterize large masses of ore that are now accessible to market and are lying idle only on account of the titanic stigma. My experience with titanic acid in the furnace began in England, fourteen years ago, with my being employed as chemist by the manager of the Norwegian Titanic Iron Company, which was at that time smelting, without mixture, ilmenite from Norway in a furnace 16' X 50'. The process, regarded as a process, was a perfect success; but the enormous quantity of fuel required, the small quantity of iron in the ore, and the cost and uncertainty of importation militated seriously against its commercial success, and a few years saw the attempt abandoned. The metallurgy being successful, an at-

Jan 1, 1883

By Richard B. Greenwalt

INTRODUCTION Direct reduction of iron ores has unquestionably become established as an important step in the worldwide steelmaking industry. The history of this development has been long and fraught with difficulty. In 1800, Champlain suggested the direct reduction concept using carbon and a shallow hearth vessel. Roughly 100 years later, Jones attempted a commercial process using carbon and producer gas in a rotary kiln. During the early years of this century, numerous attempts were made to start commercial direct reduction plants using such processes as Hoganas, Wiberg, Krupp-Renn, and others. Most of these were short lived, being abandoned due to a variety of technical and economical factors. Today, however, a new generation of direct reduction processes has emerged. We enter 1977 with at least 40 commercial plants in operation using 15 processes in 14 countries. These plants have combined total annual capacity of roughly 10 million tonnes of direct reduced product. Many articles have been written, and projections made, concerning the future growth potential for direct reduction. As is al- ways the case with projections, the numbers vary, but the outlook does not. Anyone who participated in the years of effort that have gone into this field of endeavor should be excited and justly rewarded by noting the shape of the curve in Figure 1.

Jan 1, 1977

By Charles H. Behre

This paper discusses education and training for economic geologists other than petroleum geologists. Candidates enter economic geology through liberal arts colleges, engineering schools and university graduate study. Whatever their backgrounds, rigorous courses are desirable-now conceded in theory, but not adequately recognized in practice. Besides basic sciences (each studied long enough to give a fair comprehension of its basic tenets), a functional command of English and two modern foreign languages is needed, as well as a broad understanding of mining, milling and metallurgy. A year of economics and finance is recommended. Surveying and drafting are essential skills. Yet geology should be represented in each term; otherwise the initial enthusiasm for the science, once contact is broken, may never be regained. A five-year curriculum is thus designed to take care of all major requirements and culminate in the M. S. degree. This curriculum reduces "cultural" courses below the average liberal arts requirements, but this is regarded as necessary. The pursuit of "culture" is assigned, as in most engineering and medical curricula, to extra college years or extracurricular time. To avoid the danger of over-crowding the schooling, the Doctorate in geology is preferred wherever possible. Its two added years should permit wider professional education; more browsing in "cultural" pastures; due attention to broader social implications; and some training in the research now increasingly required of the mineral industry. "In-course" training through cooperation between school and industry is especially advocated. The Institute should take the initiative in stimulating this practice.

Jan 1, 1947

By S. G. Lasky

Abraham Lincoln is reputed to have said that if you want to chart a course to some destination, you have to know where you are starting from. In this instance we have to define our starting point in a double manner: 1) What was the theoretical basis of the Paley predictions? 2) What actually did the Commission predict, so that we can see how the predictions have worked out up to now as a basis for considering how they may have to be changed.

Jan 3, 1960

By George J. Bancroft

INTRODUCTION. IT is unnecessary to repeat here the contents of many valuable contributions to this subject which have appeared in the Transactions and in the publications of the U. S. Geological Survey. As a basis for the further suggestions of this paper, the following are the most important: 1. The investigation of J. R. Don,1 showing the gold of certain Australasian veins to have been deposited by ascending solutions, and not by lateral secretion. 2. The theory of Prof. Posepny,2 distinguishing the vadose from the deep circulation, and ascribing the origin of certain classes of ore-deposits to ascending solutions of the latter class. 3. The theory of Prof. Van Hise,3 as to the underground circulation and the primary enrichment of veins thereby. 4. The paper of Prof. J. F. Kemp,4 showing that ore-deposits are largely the products of " expiring vulcanism." Many of Prof. Kemp's, ideas have been widely adopted by mining men. 5. The theory of secondary enrichment, so lucidly expounded by Mr. S. F. Emmons.5 This theory, dealing with, the rearrangement of ore-bodies after primary mineralization, has been generally adopted, and seems to me to have been as completely proved as the nature of the case permits. There are two facts which I think should be constantly borne in mind in formulating a theory of the genesis of ore-

Jan 1, 1913

By Forbes K. Wilson

Dick Hunt is known for having said, "Ore bodies are found but mines are made." This was certainly true of the Ertsberg-it was stumbled upon, literally, by a group of mountain climbers, but to develop it into a mine took 12 years of concerted effort. For more than a century, explorers had attempted to penetrate the jungles of New Guinea and climb the snow-covered Mt. Carstensz, named for a Dutch navigator who first saw it in 1620. But the first to succeed was the Colijn expedition which reached the 5030-m (16,500-ft) pinnacle in December 1936 after starting out from the south coast57 days earlier. Members of that expedition were A. H. Colijn and Jean Jacques Dozy, employees of Shell Oil Co., and Lt. Wissel, a pilot in the Royal Dutch Navy.

Jan 6, 1977

By Harry A. Perry

The Highlad underground uranium mine is located in the southern Powder River Basin, Converse County, Wyoming. Development by Exxon Minerals Company began in 1973 and average production from the complex roll- front deposit ranges from 500 to 600 stpd. A staff of six eight grade control technicians work within the Geology Department to guide and monitor production, to minimize waste and to account production to reserve estimates. A thorough knowledge of the complex roll- front deposit aids in accounting production to reserve estimates. Grade control technicians assist the mine geologist in making geologic cross sections, in estimating reserves, and in predicting monthly and quarterly production grades.

Jan 1, 1980

By Eugene A. Thiers, William V. Morris

INTRODUCTION Direct reduction processes reduce the various commercial forms of iron oxide (pellets, concentrate, fines, etc.) to metallic iron at temperatures lower than that of molten iron. Thus, this technology includes practically, all iron reduction processes other than blast furnaces and electric pig iron furnaces (whose output in terms of world production is negligible). The product of these processes which is known as direct reduced iron (DRI), or sponge iron, is primarily used as a source of metallic iron in steel-making operations. Interest in DRI, which has been significant since the early 1960s, increased significantly in recent years with the rapid growth of DRI installed capacity throughout the world. The importance of the subject for the Circum-Pacific region stems directly from the influence that DRI has on iron ore consumption and on future steel development for this region. Although there is widespread agreement that electric furnaces will continue to increase their share of global steel output, and especially so in the countries of the Pacific Steel community, some doubts exist about future scrap supplies being adequate to support growth at past rates. The authors believe that such doubts are soundly based. As this paper points out, the total supply of all metallics used in electric furnaces may not be adequate to support the extrapolated rapid growth in electric furnace steel production. This paper seeks to provide perspective on the global and Circum-Pacific prospects for DRI in light of recent energy price developments and the current recession. In this regard, the demand for DRI within the context of recent evolutionary patterns in steel-making, the outlook of DRI supply in terms of prevailing production costs, and the prospects of new technology are discussed. THE DEMAND FOR DRI Although several reports published in the last 10 years predict high rates of growth in DRI, the subject remains a controversial one. Significant growth has indeed occurred, but not to the extent anticipated in the studies summarized in Table 1. The substantial difference between previous expectations and present reality can be ascribed primarily to: (1) lower growth in steel production than formerly anticipated; (2) numerous cancellations of DRI facilities that were previously announced; and (3) a fundamental and probably irreversible change in the economics of DRI production. Note that DRI capacity at the end of 1980 was about 16 million tonnes, a significantly lower figure than any of the projections above. In addition, DRI production was only about half of capacity, reflecting the abnormally low rates of capacity utilization in this industry. [ ] Before examining the current outlook in steel, it is pertinent to note that the market for DRI is usually different in the industrialized countries of the West from that in developing countries. In the former, the available infrastructure and industry's diversification extends DRI's potential markets to numerous steelmaking, foundry, and other industrial applications, although competition from scrap and other forms of metallic iron is constant. Scrap is generally available in these countries and, therefore, DRI competes with it in electric furnace steelmaking, basic oxygen steelmaking (as a coolant), cupola foundry operations, or as an additive in the metallic charge for open hearth and blast furnaces. On the other hand, DRI in developing countries is often allocated exclusively to domestic electric furnace steelmaking or, when capacity exceeds domestic captive requirements, to export. Notwithstanding quality considerations, DRI is being and is likely to continue to be used predominantly as a source of metallics in iron and steel-making. Other uses of DRI, such as in copper cementation represent a marginal market in terms of overall tonnage and can be ignored at this point. Therefore, DRI demand is-determined by the overall availability of metallic scrap in its various forms--a function of steel production and its probable evolution. The Global Steel Outlook Given the present recession, an objective appraisal of the long-term outlook for steel is particularly difficult. On the one hand, historical trends and, especially, the inertial forces associated with such a basic industry as steel must be recognized; such trends suggest that the current stagnation with

Jan 1, 1982