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ent001465-036
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I agree.. t* Scrap Iron Institute: usines: The processing of scrap iron and steel will bring an estimat- ed $2 billion in gross sales into the economy this year, accord- ing to. Harry S.-Marley^ presi- dent of the national Institute of Scrap Iron and Steel. Mariey made the I announce- ment yesterday during an ad-- d.ess' before eoo delegates to the institute?╟╓s convention m00. sntjy underway in /?╟ .the new Sgjoda.. Hotel Convention Hall "?╟ The steel processing business is assuming a more and mo e important place ip the American | economy,?╟╓?╟╓ Mariey: said.' ?╟ ?╟ This year, hew steel prod-1 ucts will contain nearly 50 per I cent scrap metals, which goes 1 to- show how true it is that the! scrap iron and steel business is 1 really only ; mining. We, are in1 the above- ground mining business.?╟╓* The president, who recently I appeared oh a half-hour British | Broadcasting: CorpOL ation show, said that again in 1965 the high- est grade steels were made| f ?╟╓om: scrap irons and metals.- ?╟úThe process of remelting and I reworking the metal insures the | highest possible qualities, ?╟Ñ Mar- ley explained. ?√ß: The meetings continue through J today with new techniques of I processing, a beautification plan! for plants and yards and other] items set for discussion.>