Monday, August 17, 2020

Bluescope Steels sees regional demand boom as high density lockdown lifestyles are shunned

Australia's biggest steelmaker Bluescope Steel like most companies has been rocked by the pandemic, this morning reporting a 91 percent fall in its full year profit. 

But the company's chief executive Mark Vassella sees a silver lining behind the gloomy numbers with growing demand for steel products in regional Australia as people working from home begin to shun high density apartment life in big cities like Sydney and Melbourne. 

Here's my report from The World Today.


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