Gateway to the Australasian Steel and Metals Industry
September 18, 2024 Steel Market Summary – Australia The Dark Side Of Falling Steel Prices As consumers, we are hard-wired into thinking that lower prices must be a good thing. This is especially so when we buy a product regularly, then its price suddenly falls. However, a discounted selling price surely means the vendor´s profit […]
August 29, 2024 Press Release Australian Steel Institute To Present At Senate Inquiry Steel scrap is a sovereign, increasingly scarce and valuable resource which should stay in Australia, the Australian Steel Institute (ASI) will submit in an in-person presentation to a Federal Senate inquiry focussing on the federal government´s waste reduction and recycling policies, scheduled […]
Special Product Feature STEEL SUSTAINABILITY Market Commentary by: Steel Sustainability Australia (SSA)* In today´s world, ‘sustainability’ makes good business sense. It provides a framework for corporate accountability, enhances operational efficiency and enables companies to monitor, report and minimise their environmental impact. So, what is sustainability? For business, it refers to practices and strategies that aim […]
September 8, 2024 Steel Market Summary – International Battle Lines Drawn As Self Interest Rules With regard to the health of the world economy, a popular saying over many decades has been: “When America sneezes, the rest of the world catches a cold”. Nowadays, China´s influence over global steel is so enormous that any sign […]
September 8, 2024 Steel Market Summary – Australia BlueScope Steel´s 20% Profit Fall Amid Weaker Steel Prices BlueScope Steel has delivered a net profit after tax of $805.7 million for the 2024 fiscal year. The figure is a $203.5 million or 20% decrease on 2023´s full year result. BlueScope´s Australian operations generated an underlying EBIT […]
September 8, 2024 New Zealand News Company Results Prove Depth Of Industry Downturn All indicators had been pointing to a significant downturn in the New Zealand steel industry. Now, various high-profile company results for the year ended June 2024 are brutal evidence of that downturn. In announcing its results during August, Steel & Tube said […]
