Gateway to the Australasian Steel and Metals Industry
November 18, 2024 Steel Market Summary – Australia Second Coming Of Trump Heralds Volatile Era Donald Trump wants to re-shape the world in his own image: and this time he´s not going to pussy-foot around. His decision-making over the next four years won´t be restrained by the fear of electoral consequences – because the constitution […]
October 21, 2024 Press Release Vulcan Steel´s Revenues Fall 13% In Tough Conditions Vulcan Steel has announced a market update on trading conditions and the company’s performance for the September quarter 2024 (1Q FY25) based on unaudited management accounts. Key points are: Revenue fell 13% year-on-year to NZ$263.1 million in 1Q FY25 (from NZ$304.0m in […]
November 6, 2024 Steel Market Summary – International Under-Performing Global Market Blames Cheap Chinese Exports It is commonplace to hold someone else responsible for a bad outcome in which you played a crucial role. Take the Chinese, for example. At present, they are being internationally condemned for “flooding the market” with cheap exports; for dumping […]
November 6, 2024 New Zealand News Predicted Steel Slowdown Hitting Hard The slowdown in steel market conditions in New Zealand has prompted Vulcan Steel to issue a bleak market update on trading conditions and the company’s performance for the September quarter of calendar 2024, which is the first quarter of the 2025 financial year (FY25). […]
November 6, 2024 Steel Market Summary – Australia The Inflation That Stops The Nation The decision this week by the Reserve Bank of Australia (RBA) to keep interest rates on hold at 4.35% was predicated on inflation still being too high and thus stopping the economy from functioning properly. With GDP stuck at 0.2% over […]
October 29, 2024 Industry News BlueScope Steel Updates First Half FY2025 Earnings Guidance BlueScope Steel today announced it now expects underlying earnings before interest and tax (EBIT) for the first half of the financial year 2025 (FY2025) to be in the range of $270 million to $310 million. This is below the prior guidance range […]
October 17, 2024 Press Release BHP´s Operational Review September Quarter 2024 BHP has announced a strong operational performance for the first quarter of the 2025 financial year (FY2025) with increased copper, iron ore and coal production. The company´s chief executive officer, Mike Henry, said: “BHP had a strong start to the 2025 financial year, with […]
October 24, 2024 Industry News Fortescue´s September 2024 Quarterly Production Report Fortescue has announced its first quarter production report for the financial year 2025 (FY25). Fortescue Metals chief executive officer, Dino Otranto, said: “Fortescue had a strong start to FY25 with record first quarter iron ore shipments of 47.7 million metric tonnes (Mmt), which included […]
