Old School Indicators, from Pitt T. Maner III
One old school indicator from Phillip Carret– Blast furnace capacity. Is it of value if from other world economies? As of February 16, 2010 from Australia:
Port Kembla's two blast furnaces are expected to operate at 100 per cent capacity throughout 2010 to keep up with growing demand and help BlueScope Steel achieve a profit for the financial year. The significance of having the No 5 blast furnace back operating at full capacity was emphasised yesterday, when managing director and chief executive Paul O'Malley reported a net loss after tax of $28 million for the six months to December 31. With improvements in the steel market and the successful recomissioning of No 5, he forecasted a small net profit by the end of June on the back of improved export and domestic demand and increased steel prices.