An Attempt to Define the Efficiency of Capital Investment in the Iron and Steel Industry

The target figures of the economic development plan of the USSR for 1959-1965 approved by the 21st CPSU Congress provide for rapid rates of growth of the iron and steel industry. The creation of the material and technical base of Communism demands a further substantial increase in the production of metal, the key material of modern industry. In 1965 production of pig iron will reach 65-70 million tons, of steel 86-91 million tons, of rolled metal 65-70 million tons. The average annual increase in steel output capacities during the seven years will be between 4.4 and 5.1 million tons.