BlueScope boss Mark Vassella says Australia's'crazy'energy costs are hurting local manufacturing.
BlueScope has warned its profits will be hit by softening steel prices and weaker market conditions in the US and Asia.
Bluescope said its billion dollar US expansion plan remains on track,as strong demand for its steel products drove a record half year profit on Monday. The only dark clouds on the horizon for the steelmaker were moderating demand from Australia's housing market and the continuing high cost of energy in Australia.
Australian steel giant BlueScope has been hit hard as the boost from Donald Trump’s protectionist trade policies tapers off and the Chinese economy slows.
A fight over a freight terminal in Brisbane has led to concerns around safety on the state's roads and massive cost increases for some of the nation's biggest companies.
Workers who froze their pay to help save NSW's Port Kembla steelworks will lose their jobs and be replaced by overseas crews on foreign vessels,after BHP terminated two shipping contracts,maritime unions say.
The CEO's of some of Australia's largest companies received multi-million dollar bonuses while their companies paid little to no company tax,according to tax office transparency records.
This small town in Ohio is one of the winners from new tariffs and it has a very Australian connection.
Hundreds of staff at Australia’s largest steelworks have launched industrial action and walked off the job for the first time in years.
Australian steel giant BlueScope is weighing a $960 million move to drastically expand its US manufacturing operations.
Steel workers who accepted a pay freeze to save BlueScope’s troubled Port Kembla plant three years ago are considering launching strikes.