SMS-Aust 5 Jan

January 5, 2024 Steel Market Summary – Australia Year Ahead Has Plenty Of Pot-Holes And Potential The Christmas gift that keeps on giving is the rally in the iron ore price. Its January 2 level of $141 m/t (seen in our graph) represents a 30% premium on its January 3 price of a year ago. […]

NZN Jan24

January 5, 2024 New Zealand News Chill Wind Of Economic Reality To Blow Through 2024 At the very beginning of a new year, it is normal to wonder what lies ahead. How will my personal life and business life fare as the year progresses? To know the answer, people often look to predictions by so-called […]

SSMS Jan24

January 5, 2024 Stainless Steel Market Summary The Curiosity Of Prices Rising As Nickel Falls Most market participants in Australia and New Zealand are currently enjoying their Christmas and summertime break, with the result that we turn our attention overseas for pricing and news developments. In Taiwan, the stainless steel wire rod and cable manufacturer, […]

IIC Jan24

January 5, 2024 Industry Insider Column Guest Author – Cameron Russo, Managing Director, CT Steel Supplies  Competition Re-ignites Push For Quality Within the steel industry, the last five years have been an absolute whirlwind. We´ve had a global pandemic with twists and turns at every corner, natural disasters, unexpected wars and a massive shift in […]

SMS-Aust 18 Dec

December 18, 2023 Steel Market Summary – Australia Rising Sentiment And Prices At Year´s End There is enough encouraging data circulating in the steel world – and the world at large – to feel optimistic about 2024. True, the upward trend in steel prices is not generally welcomed, unless you are the seller. However, rising […]

Makomesh PR Dec 6

December 1, 2023 Press Release MAKOMESH Recognised At Innovative Manufacturers´ Awards Wire mesh panel manufacturer, MAKOMESH, has been recognised as a finalist in the category of Australia’s Most Innovative Manufacturing Company at the 2023 Endeavour Awards, sponsored by Manufacturers´ Monthly magazine. The Endeavour Awards highlight excellence within the Australian manufacturing industry. MAKOMESH is an online […]

SMS-Int Dec23

December 6, 2023 Steel Market Summary – International Gentle Hint Of Optimism Enters The Market The November rally in international stock markets reflects the growing belief that central banks around the world have finished with rate rises. And some sharp declines in the level of inflation in some developed countries gives further weight to that […]

SSMS Dec23

December 6, 2023 Stainless Steel Market Summary Market Wary Amid Global Cross Currents The stainless steel market during November traded sideways, with a slight downside momentum. The 304 grade export prices from Taiwan and China fell by around US $50 per metric tonne (m/t) whilst 316L prices went down by a larger amount equating to […]

IIC Dec23

December 6, 2023 Industry Insider Column Guest Author – Gavin McPherson, Senior Sales Engineer, Hobson Tough Times Require A Tough Bolt As technology advances to new heights – and depths – environments become harsher and applications grow more demanding. The result is, there are now many intense industries including oil, gas, marine, energy and petrochemical […]

NZN Dec23

December 6, 2023 New Zealand News RBNZ Awaits The Evidence Everyone Else Can See The encouraging news for the steel industry and New Zealand´s business community at large is that the Reserve Bank of New Zealand (RBNZ) held its official cash rate steady at 5.5% last week, rather than raising it. The bad news is […]