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 20, 2024 Industry News Sims Limited Delivers Sales Revenue Increase In Harsh Market Sims Limited today announced fiscal year 2024 (FY2024) sales revenue of $8,562.7 million. This was up 6.2% compared to FY2023 sales revenue of $8,061.1 million. The increase was principally attributed to an 8.7% increase in metal average sales prices. Notwithstanding, the […]
August 15, 2024 Industry News Fortescue Starts Work On Green Metal Project Fortescue has marked a milestone in its mission to build a green metal supply chain with the start of works at its Green Metal Project in the Pilbara region of Western Australia. Located at the Green Energy Hub at Christmas Creek, the US$50 […]
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 […]
August 27, 2024 Press Release BHP Increases Revenues To US $55.7 Billion In FY2024 BHP has increased its revenues by 3% or US $1.8 billion for the fiscal year 2024 primarily as a result of higher realised prices across iron ore and copper, where sales volumes also increased 3% and 5% respectively. Underlying attributable profit […]
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 […]
August 21, 2024 Industry News Fletcher Building Records Net Loss Of $227 Million In FY2024 Fletcher Building Limited today announced its audited financial results for the year ended June 30, 2024 (FY2024). Group revenue of $7,683 million from continuing operations was flat year-on-year. Higher revenues in residential and development, and construction were offset by significantly […]
