| By Marketwire . |
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| August 26, 2011 06:30 AM EDT |
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PERTH, AUSTRALIA -- (Marketwire) -- 08/26/11 -- Researched by Industrial Info Resources (Perth, Australia) -- Australia has never possessed an exceptionally large steel manufacturing industry, but the industry that it does have could be going slowly out of business. In the past few weeks, both of Australia's steel producers, Bluescope Steel Limited (ASX:BSL) (Melbourne, Australia) and OneSteel Limited (ASX:OST) (Sydney, Australia), have announced very weak yearly results, with Bluescope Steel reporting a US$940.85 million year-over-year loss and OneSteel reporting a $193.4 million year-over-year loss from its steel segment.
Other companies featured: BHP Billiton (NYSE:BHP)
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Industrial Info Resources (IIR) is the leading provider of global market intelligence, specializing in the industrial process, heavy manufacturing and energy markets. IIR's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. For more information send inquiries to metalsandmineralsgroup@industrialinfo.com or visit us at www.industrialinfo.com.
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