Gateway to the Australasian Steel and Metals Industry
The “Steel Market Summary about Australia” is a brief overview of the steel industry’s current state in Australia. It includes insights into steel production, consumption, and major demand drivers within the country. The summary highlights the impact of economic conditions and government policies on the steel market. It also covers key challenges and opportunities, providing a glimpse of the industry’s future outlook in Australia. For the most up-to-date information, refer to recent reports and sources.
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
