BSL bluescope steel limited

chinese steel maker losing money too!

  1. 400 Posts.
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    Interesting that the Chinese steel makers are now also talking about their current loss making operations. Some of the bigger ones are offsetting the losses by having expanded into other unrelated business areas. BSL having no other operations obviously can't offset the losses and has no where to hide.

    However it does make you wonder how long the current cycle can last if even the Chinese aren't making money on steel at the moment.
 
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