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Thursday, March 24, 2011

Macquarie feels BlueScope blues over carbon tax

It is reported that BlueScope Steel chairman Mr Graham Kraehe's anguish was underlined in some research by Macquarie's economics group.

On Macquarie's calculations and assumptions, carbon costs will be close to 35% of BlueScope's 2010 EBITDA, about twice the effect on its nearest listed

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