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BlueScope forecasts increased steel demand in Australia
Source: Steelguru- 22 Aug 2007
Mr Kirby Adams outgoing CEO of BlueScope Steel expects steel demand to grow in
While releasing the results Mr Kirby said "If you go to build a new project, you can not get a crane. That is the best evidence I can give you about the underlying demand that is coming through the system on industrial, commercial and infrastructure projects in
Mr Adams also said that "If you look at the laundry list of projects that the governments have coming down the pipe whether it is in road, rail, transport, ports, hospitals, schools, it is a lot of spending that it going to drive steel into non dwelling applications."
Mr Adams said "This year, the global steel market was very strong with the forecast for global steel demand remaining positive.
Mr Adams added that "Asian markets and opportunities are slightly improved and the operational ramp up of new sites is growing revenue while coated product margins continue to be under pressure, particularly in