/PRNewswire/ The "Pre-Engineered Building Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to.
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Port Kembla blast furnace upgrade deemed critical
A $700 million proposal to upgrade a blast furnace at Port Kembla Steelworks has been declared Critical State Significant Infrastructure (CSSI), given its importance to the state economy and its potential to create 1,000 new jobs in the Illawarra.
The project involves fixing and upgrading a blast furnace to ensure it’s ready for operation when the existing furnace is decommissioned in 2026.
Minister for Planning and Public Spaces Rob Stokes said, if approved, the Bluescope Steel project would ensure continued employment for thousands of people and maintain a secure supply chain for the construction industry.
Miners propel ASX 1pc to a two-week high as Pepper disappoints
Share
The major iron ore miners shrugged off a fall in iron ore prices to help drive the Australian sharemarket to its highest level in two weeks as ASX-newcomer Pepper Money made a disappointing start to trading on the local bourse.
The S&P/ASX 200 Index advanced 69.3 points, or 1 per cent, to 7115.2, its best close since May 10.
“In the next few months, a further rise in inflation will likely push bond yields higher which may further threaten shares, particularly tech stocks which are vulnerable to higher interest rates,” said Shane Oliver, AMP Capital’s head of investment strategy.