Aust, steelmakers seek protection
PA Melbourne The Australian steel industry and other basic industries could be lost without government protection, B.H.P.’s chairman, Sir . James McNeill, has warned. Sir James told the annual meeting of the Australian Industries Development Association in . Melbourne that Australia was in danger of losing some of its basic industries while the world’s major nations protected their manufacturing industries. He said that these industries could be lost or. severely diminished during a period of world surplus papa- . . city and would have to be
rebuilt once the over-supply eased. Sir James said most overseas industrialised countries extended some form of protection to their steel industries while the world worked off its excess steelmaking capacity. “Under these circumstances there is intense competitive pressure on those remaining steel markets that are unprotected or have relatively little tariff protection.” he said. “I have to say I find it very hard to see a viable future for the Australian steel industry without com- ■ parable government protection."
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Press, 4 December 1982, Page 20
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164Aust, steelmakers seek protection Press, 4 December 1982, Page 20
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