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BLUESCOPE STEEL ISSUES WARNING ON CHINA DOWNTURN.
SYDNEY, July 3 Asia Pulse - The boss of Australia's largest steel maker BlueScope Steel (ASX:BSL) says the phenomenal growth in the Chinese steel industry over the past 15 years is a "once in a lifetime" event.
BlueScope Steel chief executive Kirby Adams says the local market has to adjust to the fact that growth of the steel industry in China will not be as strong as the past decade and a half.
"What we have just lived through in the last 15 years with the Chinese steel industry growing from less than 100 million tonnes of production to now projected over 400 million tonnes of production - an increase in that period of time of four-fold - was really a once in a lifetime kind of event," Mr Adams told the Nine Network.
"So I think most of ...
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- News wire article from: AsiaPulse News November 14, 2007 700+ words
...largest steel manufacturer BlueScope Steel Ltd (ASX:BSL) says the...said a potential increase in iron ore prices would put pressure...between 35 and 50 per cent in iron ore prices as global demand outpaced...told journalists. "Costs of iron ore have increased ...
- BLUESCOPE STEEL REPORTS 66PCT NET PROFIT FALL.
- News wire article from: AsiaPulse News August 21, 2006 700+ words
MELBOURNE, Aug 21 Asia Pulse - Steelmaker BlueScope Steel Ltd (ASX:BSL) reported a 66 per cent plunge in net...steel industry had been extremely volatile with higher iron ore and coal costs, soaring costs for zinc and aluminium...