Tag Archives: Bluescope Steel

Evolve ore die — the grim future of Australia’s steel industry

Michael Sainsbury The latest trade figures from China are in — and it’s not good used for our beleaguered Treasurer. As he prepares to release the Mid-Year Economic and Fiscal Outlook, Australian Treasurer Joe Hockey — May budget still not passed — could not have had worse news yesterday. He might, in fact, have felt queasy. China’s latest trade figures laid

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Steelmakers scope out Asian opportunities

Michael Sainsbury Australian steelmaker BlueScope dominates its home market and New Zealand. Japan’s Nippon Steel & Sumitomo Metal is the top dog in Japan. Both see capitalizing on Asian demand for high-quality, downstream, infrastructure-related steel products as the way forward amid industrywide overcapacity. And at least in some parts of the region, they are in

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