23
Aug
07:09
Port Kembla seeks further cost savings
Australia’s BlueScope is hoping to find another AUD 45 million ($34m) in annual cost savings in the current financial year. Despite reporting a sharp increase in profits in the year ending June 2016 (see separate article), BlueScope still lists the failure of Port Kembla steelmaking to break even as a significant risk, Kallanish notes.
“An inability to maintain a competitive cost base, particularly at Port Kembla …,” is included in its r…
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Anonymous
Very good overview of the weekly steel market.
Anonymous