Gateway to the Australasian Steel and Metals Industry
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 […]
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 […]
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 […]
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. […]
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 […]
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 […]
February 20, 2024 Industry News Steel & Tube 2024 First Half Interim Results Steel & Tube Holdings Limited has reported its unaudited results for the six months to 31 December 2023, with normalised EBIT of $11.3 million, which is above the top end of guidance; a further reduction in inventory; and a positive cash position […]
February 20, 2024 Industry News Australian Steel Institute Steel Sustainability Awards The transformation of the Art Gallery of New South Wales into two buildings connected by a public art garden has won the Large Projects Over $10m category at the inaugural Australian Steel Institute (ASI) Steel Sustainability Awards. Almost doubling the exhibition space, the building […]
March 6, 2024 Industry Insider Column Guest Author – Stephen Eddowes, CEO at MAKOMESH The Future Of Manufacturing Is Now One question I am regularly asked by business leaders is: How do you do it? More precisely, they want to know how we undertake the wide-ranging implementation of digital technologies in a manufacturing business. The […]
