BLUESCOPE STEEL Predicts to Lose Millions of US Dollars in the First Half of 2011

Due to the weak domestic demands and the uprising coal and steel price, BLUESCOPE indicates that the first half of 2011 will lose nearly millions of US dollars. The owner states that the fluctuation of steel price is not all affected by supply and demand, plus the large enterprise in mining industry controls raw material price, which will have the price increment season by season.