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This chapter traces the challenges it faced from the 1970s onward. Led by BHP and strategically located at Newcastle, Port Kembla, and Whyalla, the industry reached peak steel intensity during the 1960s. However, the 1970s brought economic slowdown, rising global competition, inflation, and policy uncertainty, which undermined the industry’s competitiveness and stalled growth plans.

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Stagnation: The 1970s

  • 章节

  • 发表日期：

    2025年

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  • Malcolm Abbott

摘要

This chapter traces the challenges it faced from the 1970s onward. Led by BHP and strategically located at Newcastle, Port Kembla, and Whyalla, the industry reached peak steel intensity during the 1960s. However, the 1970s brought economic slowdown, rising global competition, inflation, and policy uncertainty, which undermined the industry’s competitiveness and stalled growth plans.