24
Aug
01:00
BlueScope New Zealand targets further cost cuts
BlueScope’s New Zealand iron sands operations are struggling to cut costs from the mid $60s/tonne level in order to return to profitability. Meanwhile, its New Zealand Steelmaking operations also require NZ$50 million ($33m) in cost reductions to remain viable.
With a break-even in the mid $60s/t on a 62% Fe basis expected over the next six months, the iron sands operation is making significant losses. It hopes to cut costs to the mid $50s/t for the Ja…
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Anonymous
Very good overview of the weekly steel market.
Anonymous