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. […]
SMS-Aust 6 July
July 5, 2024 Steel Market Summary – Australia Rise In Housing Approvals Encourages Steel Industry Large government-funded infrastructure projects have been the saviour for steel consumption since the pandemic, and continue to be so. Construction in its many forms, both public and private, has fared less well and often for complex reasons related more to […]
SMS-Aust 18 June
June 18, 2024 Steel Market Summary – Australia Port Kembla Plate Mill Upgrade Approved The NSW Government has given planning approval for a major refurbishment of BlueScope Steel’s Port Kembla plate mill. The $300 million project will involve replacing two of the existing furnaces with a newer and more energy-efficient alternative, upgrading infrastructure, and modernising […]
SMS-Int June24
June 6, 2024 Steel Market Summary – International Carbon Pricing – An Opportunity Within A Levy? At a time when respected Australian academics and commentators are pointing to the European Union´s carbon border adjustment mechanism (CBAM) as a model for fixing an Australian carbon price, South Africa has announced it may lodge a formal complaint […]
SMS-Aust 6 June
June 6, 2024 Steel Market Summary – Australia Conference Hears Of Slowing Steel Demand And Insolvencies The Australian Steel Association (ASA) held its annual conference over May 19 -21, attracting more than 100 attendees. The ASA´s president, David Buchanan, told Australian Steel News: “The event not only provided those attending with useful networking opportunities, but […]
SMS-Aust 17 May
May 17, 2024 Steel Market Summary – Australia EAF Delay Increases Whyalla Woes Further problems are besetting the Whyalla steelworks which has been unable to produce steel since mid-March when its 60-year-old blast furnace was damaged during a re-start following maintenance. Now, Liberty Steel Australia, the owner of the Whyalla operations, has announced that a […]
SMS-Int May24
May 6, 2024 Steel Market Summary – International Weak International Sentiment Faces Chinese Aggression Two major international organisations have offered a pessimistic view of the steel industry for the remainder of 2024 and into the near future. IREPAS and Eurofer both also say that increased exporting by China is making a bad situation worse. The […]
SMS-Aust 6 May
May 6, 2024 Steel Market Summary – Australia The Green Theme Is Gathering Steam Australia´s second largest pension fund, the $280 billion Australian Retirement Trust, has announced it will stop investing in most thermal coal companies from July onwards. Whilst the decision will not have a direct impact upon the steel industry in Australia, it […]
SMS-Aust 18 Apr
April 18, 2024 Steel Market Summary – Australia World Steel Demand To Enter Growth Period Earlier this month the Prime Minister, Anthony Albanese, announced his plan for Australia´s manufacturing sector as our country and the world respond to the challenges of climate change and international supply chain disruptions. The details of the ambitious Future Made […]
SMS-Int Apr24
April 5, 2024 Steel Market Summary – International Politics, Prices And Going Green Dominate Politicians have the annoying habit of poking their self-interested noses into the normal flow of business and, by doing so, mucking things up. A case in point is the almost $15 billion acquisition of US Steel by Nippon Steel, announced last […]
