Gateway to the Australasian Steel and Metals Industry
March 27, 2025 Industry News Rio Tinto Pays $8.4 Billion In Taxes And Royalties In 2024 Rio Tinto has published its 2024 Taxes And Royalties Paid Report which details US$8.4 billion of taxes and royalties paid globally during the year. In Australia, taxes and royalties totalling $6.3 billion (A$9.5 billion) were paid in 2024, including […]
February 25, 2025 Industry News Sims Limited Announces First Half Results Of Fiscal Year 2025 Sims Limited (the Group) today announced an underlying EBIT of $73.0 million in the first half of fiscal year 2025 (HY25). This was 184% higher than HY24, and was driven by a substantial improvement in the operating performance of the […]
March 12, 2025 Industry News InfraBuild´s Kinetic 5000 Revolutionises Steel Processing Steel fabrication in Tasmania has taken a giant leap forward with the arrival of InfraBuild’s Kinetic 5000 plate processing machine at our Launceston Steel Centre. To mark the occasion, InfraBuild hosted a launch event which brought together more than 30 customers, industry leaders and […]
February 20, 202 Industry News Fortescue Delivers Record Half Year Shipments Fortescue has announced its financial results for the half year to 31 December, 2024, being the first half of the 2025 fiscal year (H1 FY25). A record half year of shipments contributed to net profit after tax of US$1.6 billion and allowed a fully-franked […]
March 6, 2025 Industry News BlueScope Steel Appointed Adviser To Whyalla Steelworks Administrators BlueScope Steel confirms today that the administrators of the Whyalla Steelworks group have appointed BlueScope as a steelmaking advisor to the administrators. Under the agreement, BlueScope will provide in-kind technical and operational support in an advisory capacity to the administrators as they […]
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 & […]
February 14, 2025 Industry News InfraBuild Maintains Production During Testing Times InfraBuild has said the demand for steel continues to be subdued with manufacturers internationally adjusting or halting production levels as capacity far exceeds global demand. Here in Australia, we have not been immune to this adjustment in steel demand with the residential building sector […]
February 17, 2025 Industry News BlueScope Steel Delivers 1H FY2025 Underlying EBIT of $309 Million BlueScope Steel today reported 1H FY2025 net profit after tax (NPAT) of $179.1 million, a $260.2 million decrease on 1H FY2024. Speaking to the result, Managing Director and CEO, Mark Vassella said, “Underlying EBIT for the half was $308.8 million, […]
January 31, 2025 Press Release BHP Awards Contract For Copper SA Expansion BHP has awarded an engineering, procurement and construction management (EPCM) contract to a joint venture between Fluor Australia and Hatch, to support the proposed expansion of its copper smelter and refinery facilities in South Australia. The contract will be executed in stages as […]
