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BlueScope Steel decline
{ 11:25 AM, 14/11/2008 }
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BlueScope Steel (BSL) chairman Graeme Kraehe blamed steep decline in its share price to $4.20 recently from $12 a year ago on "a worldwide trend." He also added that it would leave its interim dividend unchanged at 22 cents this year despite warning that the steelmaker faced tough market conditions for the next nine months. BlueScope projects that it will see production fall by 25 percent in the June half of 2009 because of a $370 million revamp at its Port Kembla industrial complex.
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