BlueScope CEO calls out China's huge steel export volumes | The Business | ABC NEWS скачать в хорошем качестве

BlueScope CEO calls out China's huge steel export volumes | The Business | ABC NEWS

Leading Australian steelmaker BlueScope says it is satisfied with the federal government's recent moves to impose anti-dumping duties against some Chinese exporters of steel products, while acknowledging the playing field is still far from level. The company's new chief executive, Tania Archibald says BlueScope is dealing with the third straight year of bottom of cycle spreads. "I think it's really driven by the property market in China", she says. "The relatively lower levels of demand that we're seeing in China at the moment, that will eventually recover. But how it's manifesting of course is these large volumes of steel exports that are coming out of China, they're having a dampening effect on margins and prices." Tania Archibald confirmed BlueScope remains interested in the Whyalla Steelworks' potential for DRI or direct reduced iron technology to produce "green iron". BlueScope leads an international consortium investigating the future viability of a DRI project at Whyalla. BlueScope released its half-year earnings results on Monday, which showed net profit after tax more than doubled to around $391million. #ABCBusiness Subscribe: http://ab.co/1svxLVE ABC NEWS provides around the clock coverage of news events as they break in Australia and abroad. It's news when you want it, from Australia's most trusted news organisation. For more from ABC NEWS, click here: https://ab.co/2kxYCZY Watch more ABC NEWS content ad-free on ABC iview: https://ab.co/2OB7Mk1 Go deeper on our ABC NEWS In-depth channel: https://ab.co/2lNeBn2 Like ABC NEWS on Facebook:   / abcnews.au   Follow ABC NEWS on Instagram:   / abcnews_au   Note: In most cases, our captions are auto-generated. #ABCNEWS #ABCNEWSAustralia