Gateway to the Australasian Steel and Metals Industry
August 18, 2024 Steel Market Summary – Australia Whyalla Lay-Offs A Sign Of Larger Problem GFG Alliance has announced the loss of 48 jobs at its Whyalla steelworks, attributing the redundancies to cost cutting needed to offset a prolonged downturn in the steel market globally. In a statement, GFG Alliance said the job losses would […]
August 6, 2024 New Zealand News Falling Inflation Brings The House Down With It The battle against inflation is being won. By the end of June, annualised inflation had come down to 3.3%, according to Stats NZ. That level is encouragingly close to the Reserve Bank of New Zealand´s target range of 1 – 3%. […]
August 6, 2024 Steel Market Summary – International Reasons Aplenty To Believe Rough Times Ahead The steel industry is simultaneously a driver of international commerce and a captive of global affairs. Its essential role in everyday life safeguards it against most economic downturns. But it is not impervious to the tectonic shifts in world order. […]
August 6, 2024 Steel Market Summary – Australia Steel Prices And Stock Markets – Heading South In the sporting world at the Paris Olympics, athletes are trying to achieve their `personal best´ and more. In the steel world, some previously high-performing products are now well below their personal best and may yet fall further. As […]
July 31, 2024 Industry News Rio Tinto 2024 Half Year Results Despite a softening in the global economy, the first half of fiscal year 2024 has provided strong results for Rio Tinto. Chief Executive, Jakob Stausholm, said: “Our strengthened operations along with stable pricing for our commodities have allowed us to again deliver robust financial […]
