Australia’s steelmaking champions face hard decisions. An activist investment firm is urging BlueScope to consider the unthinkable: closing its Port Kembla steelworks. Meanwhile, Arrium might be forced
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Not much appetite for Bis Industries’ debt
Banks and investors holding debt in off-road load and haul specialist Bis Industries are reported to be seeking to offload their debt at 85c in the dollar.
According to The Australian’s DataRoom column,
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Iron ore up but views diverge on way ahead
Iron ore is up for six straight days to US$64/t. However, one financial firm sees longer term gloom and more mine closures, while another sees a rally to US$80 by year’s end.
In a report this week, Goldman
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