Fletcher April 5 News

March 25, 2024 Industry News Fletcher Building´s CEO Transition And Board Renewal Processes As part of the previously announced CEO renewal process, Fletcher Building Limited has today announced that the Board has appointed Nick Traber as Acting CEO of the company, replacing Ross Taylor, effective from 29 March 2024 for an interim period until a […]

Orrcon April 5 News

March 25, 2024 Industry News Orrcon Steel Delivers Sovereign Capability For Renewable Supply In a first for Queensland, Orrcon Steel is producing torque tubes from Australian BlueScope Steel coil for solar trackers supplied to the Aldoga solar farm in Gladstone, Queensland. Orrcon is working on the project with global energy firm Nextracker. Critical steel components […]

Rio Tinto April 5 News

March 28, 2024 Industry News Rio Tinto Pays $8.5 Billion In Taxes And Royalties In 2023 Rio Tinto has published its 2023 Taxes and Royalties Paid Report, which details USD 8.5 billion of taxes and royalties paid globally during the year. This compares to $10.8 billion in 2022, which included around $1.5 billion of Australian […]

Importers SPF Apr24

Special Product Feature IMPORTERS Market Commentary by:  ASA – Australian Steel Association Australia´s construction sector is facing many challenges including rising labour costs and supply chain disruptions, Nevertheless, the steel industry remains resilient and is serving as a cornerstone for infrastructure development. Steel suppliers, traders, distributors and downstream manufacturers continue to play a vital role […]

SMS-Aust 18 March

March 18, 2024 Steel Market Summary – Australia Cooling Economies Deflate Steel Prices As the first officer said to the captain on board the Titanic: “Sir, I have this sinking feeling.” So too, international steel prices are sliding downward, the impact of which on the Australian domestic market will be interesting to observe. A key […]

InfraBuild March 18 News

March 14, 2024 Industry News InfraBuild Announces 2024 Half Year Results InfraBuild has delivered net profit for the first half of financial year 2024 of $40 million, from revenue of $2.5 billion, with adjusted EBITDA (*) of $218 million and adjusted EBITDA margin of 8.7%. The robust result comes amid continued softening in the domestic […]

Sims News March 18

February 20, 2024 Industry News Sims Limited Well Poised After Challenging Period Sims Limited (the Company or the Group) has today announced an underlying EBIT of $13.4 million for the first half of fiscal year 2024 (HY24). This is 85.6% lower compared to HY23. With the exception of Sims Lifecycle Services, underlying EBIT reduced across […]

SMS-Int Mar24

March 6, 2024 Steel Market Summary – International Steel Market Oscillates Awaiting Direction Nippon Steel´s controversial $1.5 billion acquisition of the giant American steelmaker, US Steel, continues its tortuous journey through the labyrinth of US politics and regulatory hurdles. Nippon Steel is currently negotiating with the United Steelworkers (USW), the main union at US Steel. […]

NZN Mar24

March 6, 2024 New Zealand News Steel Industry Challenged As Economy Cools The Reserve Bank of New Zealand kept interest rates steady at its February 28 policy meeting. Just as well, because the recent 12 months of rising rates has cooled the New Zealand economy something fierce. Clear evidence of this can be found in […]

SMS-Aust 6 March

March 6, 2024 Steel Market Summary – Australia To The Biggest Go The Spoils In January, the Australian Federal Government announced BlueScope Steel would receive $136.8 million of taxpayers´ money to help with its ongoing business: specifically, the reline of its No. 6 blast furnace. In mid-February, BlueScope Steel announced a net profit after tax […]