Gateway to the Australasian Steel and Metals Industry
February 19, 2025 Industry News Rio Tinto´s Strong Operating Performance Underpins 2024 Financial Results Rio Tinto has announced its 2024 financial results which show an underlying EBITDA of US $23.3 billion despite there having been an 11% drop in the price of iron ore. Rio Tinto´s Chief Executive, Jakob Stausholm, said: “We continue to build […]
February 24, 2025 Press Release Steel & Tube Positions For Return Of Demand Steel & Tube Holdings Limited has announced its results for the six months ended December 31, 2024 (1H25), as it continues to steadily navigate a weak economy and position itself for a return in demand. Chief executive, Mark Malpass, said: “Steel & […]
March 6, 2025 Steel Market Summary – International Protectionism In Vogue As China Struggles During the past 12 months, the international steel community has been highly critical of those naughty Chinese who´ve been “flooding” the market with their “cheap” steel. Chinese steelmakers have been demonised for “dumping” their product wherever it suits them. Part of […]
March 6, 2025 New Zealand News Reason For Optimism Contrasts With Harsh Reality In times of need, a mere glimmer of hope can take on larger-than-life proportions. Thus, the increase in home consents announced by Stats NZ on March 4 might well be latched onto as a sign that the New Zealand steel industry has […]
March 6, 2025 Steel Market Summary – Australia Administrator Reveals Full Extent Of Whyalla Debt Crisis The administrator appointed by the South Australian Government to sort out the Whyalla steelworks mess has held its first meeting with creditors. On March 4, insolvency firm KordaMentha told the meeting the steelworks had been losing $1.5 million a […]
