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.
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 – 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 – 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 […]
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 […]
