BUZZ-Australia's BlueScope Steel falls on slash in price target
** BlueScope Steel Ltd's shares fall as much as 3.5 pct to their lowest in nearly 16 months
** Morgan Stanley (Xetra: 885836 - news) cuts price target to A$5.12 from A$5.50
** BlueScope, as a member of a lobby group, fears that Royal Dutch Shell's $70 bln planned takeover of BG Group Plc (LSE: BG.L - news) may hurt Australia's eastern gas market
** The lobby group, known as Manufacturing Australia, warned that gas users seeking long-term contracts were facing higher costs because of a limited number of suppliers (Reuters Messaging: ruchira.k.thomsonreuters.com@reuters.net)