Gateway to the Australasian Steel and Metals Industry
June 18, 2024 Industry News Fortescue Welcomes Chinese Premier Li Qiang In Perth Fortescue has welcomed H.E. Li Qiang, Premier of the State Council of the People’s Republic of China, to its green technology and test facility in Perth, marking an historic moment in the company’s two-decade business relationship with China. Fortescue´s executive chairman, Dr […]
June 13, 2024 Press Release FDC and Macquarie Data Centres To Construct IC3 Super West FDC Construction has been appointed the main build contractor for the Macquarie Data Centres newest facility, IC3 Super West. When completed, the facility will offer customers AI densities, resilient data halls, dedicated office space and storage. The project is expected […]
June 18, 2024 Steel Market Summary – Australia Port Kembla Plate Mill Upgrade Approved The NSW Government has given planning approval for a major refurbishment of BlueScope Steel’s Port Kembla plate mill. The $300 million project will involve replacing two of the existing furnaces with a newer and more energy-efficient alternative, upgrading infrastructure, and modernising […]
June 6, 2024 Steel Market Summary – International Carbon Pricing – An Opportunity Within A Levy? At a time when respected Australian academics and commentators are pointing to the European Union´s carbon border adjustment mechanism (CBAM) as a model for fixing an Australian carbon price, South Africa has announced it may lodge a formal complaint […]
June 4, 2024 Industry News Rio Tinto To Invest $215 Million In BioIron Process Rio Tinto will invest $215 million to develop a research and development facility in Western Australia to further assess the effectiveness of its low-carbon ironmaking process, BioIron. The development of the BioIron Research and Development Facility in the Rockingham Strategic Industrial […]
May 28, 2024 Industry News BlueScope Steel Supports The Sale Of Illawarra Metallurgical Coal BlueScope Steel today waived its pre-emption acquisition rights under its long-term coal supply agreement (CSA) relating to South32’s Illawarra Metallurgical Coal division (IMC), and supports the sale of IMC to an entity owned by Golden Energy and Resources Pte Ltd (GEAR) […]
May 13, 2024 Industry News Fletcher Building Market Update (This is a shortened version of the market update issued by Fletcher Building) Market conditions across the Company’s Materials and Distribution1 divisions have weakened throughout FY24. In New Zealand, market volumes to date in 2H24 have moved 5% lower than 2Q24, and in Australia market volumes […]
June 6, 2024 New Zealand News What The Government Promises, Reality Checks Seldom does a Treasurer predict that his/her budget will produce a bleaker future: and the Minister of Finance, Nicola Willis, duly followed suit last week when handing down her budget. Indeed, she mainly highlighted the tax relief of up to $102 per fortnight […]
June 6, 2024 Steel Market Summary – Australia Conference Hears Of Slowing Steel Demand And Insolvencies The Australian Steel Association (ASA) held its annual conference over May 19 -21, attracting more than 100 attendees. The ASA´s president, David Buchanan, told Australian Steel News: “The event not only provided those attending with useful networking opportunities, but […]
Special Product Feature NEW ZEALAND Market Commentary The New Zealand steel and metals industry is a driving force within the New Zealand economy. However, it is also captive to the health of that economy, and to the world economy. It is therefore facing challenging times and could see a near-term contraction of activity and profitability. […]
