"Competition is always welcome and desirable. It is a necessary force for the health of our economy. Competition has been responsible for our present industrial growth. And that growth is the cause of our present standard of living; that growth has thrust us into the role of world leadership. In the process we have learned the hard way that our very survival depends on our ability to compete. We know that our industry must be competitive or die."

Benjamin F. Fairless
President, U.S. Steel Corp.