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Steel industry authority report



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DEPARTMENT OF INDUSTRY AND COMMERCE ™ INCLUDING THE AUSTRALIAN CUSTOMS SERVICE.AUSTRALIA,,

25 O c t o b e r 1 9 8 4 I M M E D I A T E R E L E A S E 1 0 3 / 8 4

S T E E L I N D U S T R Y A U T H O R I T Y R E P O R T

T h e S t e e l I n d u s t r y A u t h o r i t y h a s r e p o r t e d a f u r t h e r i m p r o v e m e n t i n the d o m e s t i c s t e e l m a r k e t d u r i n g the t h r e e m o n t h s to A u g u s t ,

w i t h p r o d u c t i o n by B H P i n c r e a s i n g by 4.1 p e r c e n t in t h e p e r i o d

c o m p a r e d w i t h the p r e v i o u s t h r e e m o n t h s , t h e M i n i s t e r f o r

I n d u s t r y a n d C o m m e r c e , S e n a t o r J o h n B u t t o n s a i d t o - d a y .

T h e M i n i s t e r w a s r e l e a s i n g t h e S e p t e m b e r Q u a r t e r l y r e p o r t of the A u t h o r i t y .

O t h e r f e a t u r e s of t h e r e p o r t i n c l u d e d

. s o m e e a s i n g of i m p o r t s f o l l o w i n g h i g h l e v e l s r e c o r d e d in

M a y , a l t h o u g h d e v e l o p i n g c o u n t r y i m p o r t s r e m a i n h i g h in s o m e p r o d u c t c a t e g o r i e s

. p r o d u c t i v i t y h o l d i n g f i r m at l e v e l s of a r o u n d 2 6 0 t o n n e s p e r e m p l o y e e p e r y e a r

. e m p l o y m e n t l e v e l s in B H P ' s S t e e l D i v i s i o n d e c l i n i n g

g r a d u a l l y t h r o u g h n a t u r a l a t t r i t i o n

. B H P ' s a u t h o r i s e d i n v e s t m e n t s i n c e t h e n e g o t i a t i o n of

the S t e e l I n d u s t r y P l a n n o w t o t a l l i n g $ 3 6 7 . 6 m i l l i o n .

D e s p i t e t h e s e i m p r o v e m e n t s , t h e M i n i s t e r s a i d t h e A u t h o r i t y h a d e x p r e s s e d c o n c e r n a b o u t i m p o r t p r e s s u r e s on the. local industry.

"In this regard, the Authority is in the process of preparing a

report to me on two categories of pipes and tubes where the local industry's market share has been below eighty per cent", the

Senator said.

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»*·.

This report w o u l d be made under the safety m e c h a n i s m p r o v i s i o n s of the Steel P l a n w h e r e b y the G o v e r n m e n t is c o m m i t t e d to r e v i e w i n g the i n d u s t r y ' s a s s i s t a n c e f o l l o w i n g a d e c l i n e of the local

indu s t r y ' s m a r k e t share to b e l o w e ighty per cent in any of the

d e s i g n a t e d p r o d u c t categories.

The A u t h o r i t y ' s report, e x c l u d i n g c o m m e r c i a l l y s e n s i t i v e

m aterial, will be a v a i l a b l e from A u s t r a l i a n G o v e r n m e n t P u b l i s h i n g Service B o o k s h o p s in capital cities in the near future.

CAN B E R R A ACT CONTACT: David W i l l i a m s o n

(W) 062 - 72 3306

(H) 062 - 81 6402

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