Inland Rolls Out A Sheet Of Disappointment

In an industry not known for its brilliant strategic planning, Inland Steel Industries Inc. has always seemed to shine. When other steelmakers were flailing about during the early 1980s, Inland committed itself to a $1.7 billion capital-spending spree to install the world's latest steelmaking gadgetry. The crescendo came when Inland Chairman Frank W. Luerssen announced plans in 1987 with Japan's Nippon Steel Corp. to build a finishing plant that could turn out nearly perfect sheet steel.

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