BlueScope Says Will Seek China Acquisitions to Boost Output

BlueScope Steel Ltd., Australia’s largest steelmaker, will consider acquisitions in China to boost its manufacturing capacity and tap demand in the world’s biggest consumer of the alloy.

“Some of our assets are getting close to full capacity utilization so to continue to take the next step in China we probably have to add manufacturing capability,” Paul O’Malley, chief executive officer of the Melbourne-based company, said in an interview. “We’ll probably want to do that more to the western region of China, where growth is now moving from the eastern region.”