Australia's biggest steelmaker Bluescope Steel said it would keep its flagship Port Kembla steelworks open after persuading the government to defer A$60 million in payroll tax. While trimming operations in Australia, Bluescope also said it had agreed to buy out joint venture partner Cargill's 50-percent share of the North Star mill in the United States for $720 million giving it full ownership of the Ohio site.
