By Jo Nova
What’s left of Australian manufacturing
The CEO of Bluescope Steel is a fan of renewables, but for Mark Vassella to make steel, what he wants is cheap gas, not wind and solar power — and he’s getting desperate. These are strong words from a CEO of one our Big-50. “Manufacturing is at a ‘tipping point‘” he says. “Energy costs are now 3 to 4 times higher than the US”. Furthermore, “Without immediate intervention there will be no Future Made in Australia.” — He twists the knife, talking about the PM’s pet project (the one where we somehow make solar and wind power here cheaper than the slaves do in China. )
He’s especially scathing of the idea that one of the biggest exporters of LNG in the world, now has to import it back.
“ In what world does exporting LNG in massive quantities only to re-import it to supply a shorter domestic market make any sense? It’s like importing sand into the Sahara.”
Vassella knows US and Australian energy prices all too well. Bluescope also own the North Star steel mill in Ohio and is looking to expand further in the US.
BlueScope […]
via JoNova
August 18, 2025 at 12:38PM
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