Comments on Steel Stocks.

The author conveys his views concerning steel stocks in the U.S. as of May 1958. The author said the U.S. government has been lowering the discount rate and reserve requirements. He added that the steel industry is operating at less than 50 percent, which he said is something that does not happen often. The author mentioned National Steel Corp. as one of the steel companies with stocks that are attractive purchases on any setbacks in spring of 1958.