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Inland Steel Industries Inc.: The Chicago-based company...

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From Times Staff and Wire Reports

Inland Steel Industries Inc.: The Chicago-based company reported a first-quarter loss of $40 million, contrasted with earnings of $18.7 million in the year-ago period. The company said steel shipments fell to the lowest level in 20 years during the quarter. Sales plummeted 18% to $832.7 million.

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