Gateway to the Australasian Steel and Metals Industry
A steel market summary is a concise overview of the current state of the steel industry, highlighting key trends, developments, and factors influencing the supply, demand, and prices of steel. It provides a snapshot of the market’s conditions, helping industry participants, investors, and stakeholders to better understand the dynamics and make informed decisions.
A typical steel market summary might include information on the following aspects:
Supply and Demand: An analysis of the current balance between the production of steel and its consumption in various industries like construction, automotive, machinery, and infrastructure.
Price Trends: An overview of recent price movements for steel products, considering factors such as raw material costs, global demand, and market sentiment.
Economic Impact: How economic conditions, both on a global and regional scale, are affecting steel demand and investment decisions in the industry.
Raw Materials: An examination of the prices and availability of crucial raw materials, such as iron ore, coal, and scrap metal, and how these impact steel production costs.
Trade and Tariffs: Information on any trade policies or tariffs that are influencing the import and export of steel products between different countries.
Environmental Factors: How environmental regulations and sustainability initiatives are shaping the steel industry and influencing the adoption of cleaner practices.
Industry News: A summary of recent significant events, mergers, acquisitions, or major projects in the steel sector.
Future Outlook: An assessment of potential market trends and predictions for the near future based on ongoing developments and factors like economic forecasts and policy changes.
A steel market summary is a valuable tool for anyone involved in the steel industry, including manufacturers, distributors, traders, investors, and policymakers. It helps them stay informed about the latest developments in the market, anticipate potential challenges and opportunities, and make well-informed decisions to navigate the dynamic and competitive steel industry successfully.
December 18, 2024 Steel Market Summary – Australia Subdued Year Ends With Further Uncertainty When the Federal Treasurer, Jim Chalmers, gave his rather glum forecast this week for the overall Australian economy in 2025, he could just as easily have been referring to the steel industry specifically. Indeed, the health of the steel industry is […]
December 6, 2024 Steel Market Summary – International Global Steelmakers Ranked By Renewable Energy Use Steelmakers around the world are failing miserably in making the switch towards low-carbon production, according to a report by the Sydney-based climate group, Action Speaks Louder (ASL). The report titled “Testing the Mettle: Ranking Steel Companies´ Current Renewable Energy Use” […]
December 6, 2024 Steel Market Summary – Australia Christmas Gift For Whyalla, But No Festive Season GFG Alliance, the parent company of the Whyalla steelworks, says it has secured $153 million in funding from an un-named major global credit fund. “The milestone funding initiative will bolster cash flow and part of the proceeds will be […]
November 18, 2024 Steel Market Summary – Australia Second Coming Of Trump Heralds Volatile Era Donald Trump wants to re-shape the world in his own image: and this time he´s not going to pussy-foot around. His decision-making over the next four years won´t be restrained by the fear of electoral consequences – because the constitution […]
November 6, 2024 Steel Market Summary – International Under-Performing Global Market Blames Cheap Chinese Exports It is commonplace to hold someone else responsible for a bad outcome in which you played a crucial role. Take the Chinese, for example. At present, they are being internationally condemned for “flooding the market” with cheap exports; for dumping […]
November 6, 2024 Steel Market Summary – Australia The Inflation That Stops The Nation The decision this week by the Reserve Bank of Australia (RBA) to keep interest rates on hold at 4.35% was predicated on inflation still being too high and thus stopping the economy from functioning properly. With GDP stuck at 0.2% over […]
October 18, 2024 Steel Market Summary – Australia Squeeze Is On The Gupta World The global empire of British businessman, Sanjeev Gupta, which includes the Whyalla steelworks and InfraBuild, is being laid bare by standard legal and accounting procedures. And the further those processes advance, the greater is the speculation over which entities might fail […]
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 […]
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 […]
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 […]
