Steel Market Summary – International

May 6, 2025 Steel Market Summary – International US Tariffs Accelerate Global Trend Of Protectionism The imposition by Donald Trump of 25% steel and aluminium tariffs, followed in early April by a minimum 10% tariff on all goods imported into the United States has unleashed a wave of retaliatory measures – some justified, some opportunistic. […]

Steel Market Summary – Australia

May 6, 2025 Steel Market Summary – Australia Labor´s Election Triumph Encouraging For Steel Industry The electoral victory of Anthony Albanese has given some stability to the economic future of Australia and, as a consequence, to the steel industry. Principal among the beneficiaries of Labor´s success will be the Whyalla Steelworks which, it must be […]

SMS-Aust 18 Apr25

April 18, 2025 Steel Market Summary – Australia Government And Industry Take Arms Against Tariffs The Federal Government and the Australian Steel Institute have both called for stronger action to be taken to combat the direct and indirect consequences of Donald Trump´s global trade war. The Prime Minister, Anthony Albanese, said Australia will bolster its […]

SMS-Int Apr25

April 7, 2025 Steel Market Summary – International Trump´s Tariffs Bring Turmoil To World Trade Not content with a 25% tariff on steel and aluminium being imported into the United States, Donald Trump used his self-proclaimed “Liberation Day” to announce a minimum 10% tariff on all products from all countries in the world – and […]

SMS-Aust 7 April25

April 7, 2025 Steel Market Summary – Australia Domestic Issues Impacted By Unwelcome Foreign Forces The Australian steel industry holds its breath as Whyalla wobbles and world trade is thrown into turmoil by Donald Trump´s tariffs. Meanwhile, InfraBuild has its own set of problems, as well. As previously mentioned in ASN, InfraBuild´s unaudited finances were […]

SMS-Aust 18 Mar25

March 18, 2025 Steel Market Summary – Australia InfraBuild Slides Under The Burden Of Its GFG Alliance In businesses large and small right around Australia the message from management to employees is the same: if you work hard and successfully, you´ll be rewarded as the company prospers. However, this theory can come unstuck if you´re […]

SMS-Int Mar25

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 […]

SMS-Aust 6 Mar25

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 […]

SMS-Aust 18 Feb25

February 18, 2025 Steel Market Summary – Australia Shadow Of Tariffs Hangs Over BlueScope Steel Results BlueScope Steel has delivered a net profit after tax of $179 million for the six months ended December 31, 2024. This is a 59% decrease on the corresponding period in 2023. “Underlying earnings before interest and tax (EBIT) for […]

SMS-Int Feb25

February 6, 2025 Steel Market Summary – International Steel Prices Await Backlash From Trump´s Trade War Initially, Donald Trump said there would be tariffs on a range of goods imported from Canada, Mexico and China. A levy of 25% on Canadian and Mexican imports as well as an additional 10% tax on Chinese goods would […]