Bowles v. Carnegie-Illinois Steel Corp.

EVANS, Circuit Judge.

Defendant appeals from a permanent injunction enjoining it from violating Section 4 of the Emergency Price Control Act of 1942.1 It is charged with purchasing iron and steel scrap at prices in excess of the maximum prices prescribed by the Price Schedule. Defendant denies the charge and also the propriety of the injunction.

During the period in question,2 defendant, one of the largest producers of steel in the United States, purchased a total of 2,585 carloads of steel scrap. It operated both electric furnaces and open furnaces to process steel from scrap. Of this scrap…