Mar

11

steel blast furnaceOne old school indicator from Phillip Carret– Blast furnace capacity. Is it of value if from other world economies? As of February 16, 2010 from Australia:

Port Kembla's two blast furnaces are expected to operate at 100 per cent capacity throughout 2010 to keep up with growing demand and help BlueScope Steel achieve a profit for the financial year. The significance of having the No 5 blast furnace back operating at full capacity was emphasised yesterday, when managing director and chief executive Paul O'Malley reported a net loss after tax of $28 million for the six months to December 31. With improvements in the steel market and the successful recomissioning of No 5, he forecasted a small net profit by the end of June on the back of improved export and domestic demand and increased steel prices.


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