October 6, 2024 Steel Market Summary – International Tariffs And Protectionism Rise As Industry Struggles “CBAM is a bad instrument. It is wrongly conceived, it is almost impossible to apply, it is limited to the first phase of the cycle (Scope 1) and it’s not going to work,” declared Antonio Marcegaglia, the CEO of Italian […]
Steel Market Summary – Australia
October 6, 2024 Steel Market Summary – Australia Future Of Whyalla Steelworks Again In Question The South Australian government is seeking advice after speaking with people in the Whyalla community who are concerned about events unfolding within GFG Alliance and at the Whyalla steelworks. In late September the Premier, Peter Malinauskas, told parliament: “The government […]
SMS-Aust 18 Sept24
September 18, 2024 Steel Market Summary – Australia The Dark Side Of Falling Steel Prices As consumers, we are hard-wired into thinking that lower prices must be a good thing. This is especially so when we buy a product regularly, then its price suddenly falls. However, a discounted selling price surely means the vendor´s profit […]
SMS-Int Sept24
September 8, 2024 Steel Market Summary – International Battle Lines Drawn As Self Interest Rules With regard to the health of the world economy, a popular saying over many decades has been: “When America sneezes, the rest of the world catches a cold”. Nowadays, China´s influence over global steel is so enormous that any sign […]
SMS-Aust 8 Sept24
September 8, 2024 Steel Market Summary – Australia BlueScope Steel´s 20% Profit Fall Amid Weaker Steel Prices BlueScope Steel has delivered a net profit after tax of $805.7 million for the 2024 fiscal year. The figure is a $203.5 million or 20% decrease on 2023´s full year result. BlueScope´s Australian operations generated an underlying EBIT […]
SMS-Aust 18 Aug
August 18, 2024 Steel Market Summary – Australia Whyalla Lay-Offs A Sign Of Larger Problem GFG Alliance has announced the loss of 48 jobs at its Whyalla steelworks, attributing the redundancies to cost cutting needed to offset a prolonged downturn in the steel market globally. In a statement, GFG Alliance said the job losses would […]
SMS-Int Aug24
August 6, 2024 Steel Market Summary – International Reasons Aplenty To Believe Rough Times Ahead The steel industry is simultaneously a driver of international commerce and a captive of global affairs. Its essential role in everyday life safeguards it against most economic downturns. But it is not impervious to the tectonic shifts in world order. […]
SMS-Aust 6 August
August 6, 2024 Steel Market Summary – Australia Steel Prices And Stock Markets – Heading South In the sporting world at the Paris Olympics, athletes are trying to achieve their `personal best´ and more. In the steel world, some previously high-performing products are now well below their personal best and may yet fall further. As […]
SMS-Aust 18 July
July 18, 2024 Steel Market Summary – Australia New Dwellings Up, Whyalla Back A slight increase in the number of new dwellings commenced in the March quarter is welcome news for the steel industry. However, the eye-catching figure within the modest 0.5% overall rise was the increase in new private sector house commencements which rose […]
SMS-Int July24
July 5, 2024 Steel Market Summary – International Trade And Environmental Protections Assume Centre Stage The Chinese are fond of saying that a journey of a thousand miles begins with a single step. In keeping with that notion, the decarbonisation of all steelmaking in China may have just taken a small but vital step forward. […]
