J&L bets big on Midwest.

The article offers information on the plans of Jones & Laughlin Steel Corp. to build an integrated steel plant in llinois. The annual capital outlay was expected to be 100 million dollars for over five to six years. The company wants to reach beyond Chicago, Illinois, and gain access to mid western markets. The responsibilities of President William J. Stephens are discussed. The efforts of the company to improve its raw materials and reduce prices are also mentioned.