14 MILLION TON TARGET - still not enough 375 REPORT TO THE NATION IN 1947 we produced about 121/2 million ingot tons of steel. The STEEL problem This year our aim is 14 million ingot tons —and that will still be over a million tons of finished steel short of our needs. New methods in industry and the losses of war together mean a heavy world-wide demand for steel, most of it permanent. At home, industry, agriculture, transport, the mines—all are crying out for new machinery and essential equipment.