Let X be a normal projective variety defined over an algebraically closed
field k of positive characteristic. Let G be a connected reductive group
defined over k. We prove that some Frobenius pull back of a principal
G-bundle admits the canonical reduction EPβ such that its extension by
PβP/Ruβ(P) is strongly semistable.
Then we show that there is only a small difference between semistability of a
principal G-bundle and semistability of its Frobenius pull back. This and the
boundedness of the family of semistable torsion free sheaves imply the
boundedness of semistable principal G-bundles.Comment: 23 pages; The final version of this article will be published in the
Duke Mathematical Journal, published by Duke University Pres