The Australian Industry Group Performance of Manufacturing Index has more bad news:
Electricity costs and transport seem to be the biggest problems for rollformers. Reduced production compared to 2011 - yet 2012 sees bills nearly the same or more.A KEY gauge of manufacturing activity in Australia fell for the ninth month in a row, the latest sign a mining slowdown is weighing on the country’s resources-dominated economy.The Australian Industry Group Performance of Manufacturing Index fell 1.6 points in November to 43.6 from a month earlier. A PMI reading above 50 indicates an expansion in manufacturing activity from the previous month, whereas a reading below indicates contraction…
The contraction in manufacturing activity in November was widespread, with steep declines in the petroleum, coal products, construction materials and metals sectors. Only the food and beverages sector expanded during the month.
Will the Reserve Bank Rate cut tomorrow be any help to the industry!
The Roofer submitted an article in TBF, about an ASX trading community on Boulder Steel starting a new steel mill in Gladstone. Full article here: Boulder Steel starting to Roll.
This is the land.
|Boulder Steel Facility|