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Stagnation: The 1970s

In: Australian Steel in a Globalised World

Author

Listed:
  • Malcolm Abbott

    (Danford Higher Education)

Abstract

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.

Suggested Citation

  • Malcolm Abbott, 2025. "Stagnation: The 1970s," Springer Books, in: Australian Steel in a Globalised World, pages 79-112, Springer.
    • Handle: RePEc:spr:sprchp:978-981-95-4461-5_5
    DOI: 10.1007/978-981-95-4461-5_5
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