Iron Ore And The Steel Industry

IT is indeed an honor to have been asked to participate in the program which celebrates the seventy-fifth birthday of the American Institute of Mining and Metallurgical Engineers. This great organization has occupied an important place in the professional and industrial life of this country-of the world. Its members have explored the far reaches of our globe and have played a great part in the discovery, extraction and utilization of the mineral resources upon which our civilization so largely depends. These engineers, together with the restless prospectors, on the one hand, and the scientists, on the other, have literally been the advance scouts of our modern way of life. As such, we owe them a deep and lasting debt of gratitude. May I, therefore, wish many happy returns to the American Institute of Mining and Metallurgical Engineers and express the hope that it may long continue to be of great service, as it has been in the past. The subject assigned to me-Iron Ore and the Steel Industry-is, indeed, important, as one considers the future of our world. I shall give as few figures as possible. Pertinent statistical data are included in the tables in this chapter, which, I think, will prove interesting. Many studies of iron-ore reserves have been -published and are available; hence I shall limit myself mainly to an interpretation of these figures. The statistics data are from standard sources, including the Lake Superior Iron Ore Association, the American Iron and Steel Institute, the United States Bureau of Mines, the United States Geological Survey, the United