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.
April 5, 2024 Steel Market Summary – Australia Australia Receives Embarrassing Anti-Dumping Ruling A panel at the World Trade Organization (WTO) has found that duties imposed by Australia in a steel products dispute with China were flawed. Canberra has accepted the ruling. The problem here is not so much the size or nature of the […]
March 18, 2024 Steel Market Summary – Australia Cooling Economies Deflate Steel Prices As the first officer said to the captain on board the Titanic: “Sir, I have this sinking feeling.” So too, international steel prices are sliding downward, the impact of which on the Australian domestic market will be interesting to observe. A key […]
March 6, 2024 Steel Market Summary – Australia To The Biggest Go The Spoils In January, the Australian Federal Government announced BlueScope Steel would receive $136.8 million of taxpayers´ money to help with its ongoing business: specifically, the reline of its No. 6 blast furnace. In mid-February, BlueScope Steel announced a net profit after tax […]
February 19, 2024 Steel Market Summary – Australia Green Steel Edges Closer To An Economic Reality The management of a fundamental source of Australia´s economic prosperity should – and will – change in the very near future, according to two eminent Australians. Renowned economist, Professor Ross Garnaut, and economic public policy expert, Professor Rod Sims, […]
February 7, 2024 Steel Market Summary – Australia Steel Industry Receives $200M In Clean Energy Drive The Federal Government has announced the allocation of $200 million in total funding to BlueScope Steel and Liberty Steel Australia (parent company of InfraBuild) as part of its Powering The Regions Fund. The grants are the first to be […]
January 18, 2024 Steel Market Summary – Australia Cricket Season Weighs On Market Activity By mid-January, a lot of people have somewhat reluctantly returned to work. However, with the cricket season still in full flight, their thoughts remain on captain Pat Cummins, or on the beach or at backyard bar-b-ques. In these entirely understandable circumstances, […]
January 5, 2024 Steel Market Summary – Australia Year Ahead Has Plenty Of Pot-Holes And Potential The Christmas gift that keeps on giving is the rally in the iron ore price. Its January 2 level of $141 m/t (seen in our graph) represents a 30% premium on its January 3 price of a year ago. […]
December 18, 2023 Steel Market Summary – Australia Rising Sentiment And Prices At Year´s End There is enough encouraging data circulating in the steel world – and the world at large – to feel optimistic about 2024. True, the upward trend in steel prices is not generally welcomed, unless you are the seller. However, rising […]
December 6, 2023 Steel Market Summary – Australia Market Direction Unclear Amidst Mixed Messages According to the new governor of the Reserve Bank of Australia (RBA), Michelle Bullock, most Australian businesses and households are doing fine. Yes, she admitted, the RBA’s rapid rate hikes had hit households very unevenly, causing some “challenges” and creating a […]
November 18, 2023 Steel Market Summary – Australia Steel Prices Rise In Defiance Of Negative Global Sentiment Since Covid-19 suddenly appeared almost four years ago, the Australian steel industry has not been the master of its own destiny. First, the pandemic shut everything down; then the supply chain problems blocked everything up. The war in […]
