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AAP
AAP
Adrian Black

Steel boss complains about local gas market 'madness'

BlueScope's bottom line net profit fell after booking a big charge on one of its US businesses. (Dean Lewins/AAP PHOTOS)

Australia doesn't have a functioning gas market, and putting energy exports ahead of local supply is "madness", BlueScope Steel's boss says.

CEO Mark Vassella said decarbonising the Port Kembla Steelworks in NSW would cut the company's carbon emissions by 60 per cent, but that required ten times more LNG than it could buy.

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