February 14, 2025 Industry News InfraBuild Maintains Production During Testing Times InfraBuild has said the demand for steel continues to be subdued with manufacturers internationally adjusting or halting production levels as capacity far exceeds global demand. Here in Australia, we have not been immune to this adjustment in steel demand with the residential building sector […]
Next Steel Market Summary – Australia
February 18, 2025 Steel Market Summary – Australia Shadow Of Tariffs Hang Over BlueScope Steel Results BlueScope Steel has delivered a net profit after tax of $179 million for the six months ended December 31, 2024. This is a 59% decrease on the corresponding period in 2023. “Underlying earnings before interest and tax (EBIT) for […]
BlueScope Feb 18 News
February 17, 2025 Industry News BlueScope Steel Delivers 1H FY2025 Underlying EBIT of $309 Million BlueScope Steel today reported 1H FY2025 net profit after tax (NPAT) of $179.1 million, a $260.2 million decrease on 1H FY2024. Speaking to the result, Managing Director and CEO, Mark Vassella said, “Underlying EBIT for the half was $308.8 million, […]
BHP Feb 18 News
January 31, 2025 Press Release BHP Awards Contract For Copper SA Expansion BHP has awarded an engineering, procurement and construction management (EPCM) contract to a joint venture between Fluor Australia and Hatch, to support the proposed expansion of its copper smelter and refinery facilities in South Australia. The contract will be executed in stages as […]
New Zealand News
February 6, 2025 New Zealand News Slide In Home Consents Bodes Poorly For Steel Industry International events are sometimes more newsworthy than domestic events, even when the local situation is of high importance. For this reason, the steel industry is paying close attention to Donald Trump´s shenanigans with his “on again, off again” tariffs. The […]
Steel Market Summary – International
February 6, 2025 Steel Market Summary – International Steel Prices Await Backlash From Trump´s Trade War Initially, Donald Trump said there would be tariffs on a range of goods imported from Canada, Mexico and China. A levy of 25% on Canadian and Mexican imports as well as an additional 10% tax on Chinese goods would […]
Steel Market Summary – Australia
February 6, 2025 Steel Market Summary – Australia Steel Markets Wary Of Tariffs Threat It´s too early to know if his bluff has been called. But…Donald Trump´s sweeping tariffs of 25% against Canada and Mexico – delivered with such fanfare on Saturday – were gone by Monday, struck down by resistance from Canada. One is […]
BHP Feb 6 News
January 21, 2025 Press Release BHP´s Operational Review For Half Ended 31 December, 2024 BHP has announced its operational review for H1 of the year ended 31 December, 2024. It reported a strong underlying operational performance, with copper production up by 10%. BHP´s Chief Executive Officer, Mike Henry, said: “BHP delivered safe and reliable performance […]
SMS-Aust 18 Jan25
January 18, 2025 Steel Market Summary – Australia Steelmaking Resumes At Whyalla – For Now GFG Alliance, the parent company of the Whyalla steelworks, has announced steelmaking resumed at the plant on January 5. GFG´s global chief manufacturing officer, Theuns Victor, said bringing the four-month shutdown of the blast furnace to an end had been […]
Rio Tinto Jan 18 News
January 16, 2025 Industry News Rio Tinto Closes 2024 With Solid Q4 Operations Rio Tinto has today released its 2024 Fourth Quarter Operations Review. Chief Executive, Jakob Stausholm, said: “Our operating performance in 2024 was good, consistent with our ongoing commitment to strengthen the business as we execute our strategy to deliver profitable growth. The […]