Steel Market Summary – International

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 […]

Rio Tinto June 6 News

June 4, 2024 Industry News Rio Tinto To Invest $215 Million In BioIron Process Rio Tinto will invest $215 million to develop a research and development facility in Western Australia to further assess the effectiveness of its low-carbon ironmaking process, BioIron. The development of the BioIron Research and Development Facility in the Rockingham Strategic Industrial […]

Tiwai Point June 6 News

May 31, 2024 Industry News Tiwai Point Aluminium Smelters Future Secured New Zealand Aluminium Smelters (NZAS) has signed 20-year electricity arrangements that secure the future of the Tiwai Point aluminium smelter to continue competitively producing high-purity, low-carbon metal, backed by a diversified mix of renewable electricity from New Zealand’s South Island. NZAS, which owns and […]

BlueScope June 6 News

May 28, 2024 Industry News BlueScope Steel Supports The Sale Of Illawarra Metallurgical Coal BlueScope Steel today waived its pre-emption acquisition rights under its long-term coal supply agreement (CSA) relating to South32’s Illawarra Metallurgical Coal division (IMC), and supports the sale of IMC to an entity owned by Golden Energy and Resources Pte Ltd (GEAR) […]

ASSDA June 6 News

May 24, 2024 Industry News ASSDA Triumphs At 2024 World Stainless Industry Awards We are thrilled to share that ASSDA has proudly received the Bronze Award in the Market Development category at the prestigious 2024 Stainless Steel Industry Awards, hosted by World Stainless. The award ceremony, held on 23 May 2024 in Istanbul, Türkiye, marks […]

Fletcher June 6 News

May 13, 2024 Industry News Fletcher Building Market Update (This is a shortened version of the market update issued by Fletcher Building) Market conditions across the Company’s Materials and Distribution1 divisions have weakened throughout FY24. In New Zealand, market volumes to date in 2H24 have moved 5% lower than 2Q24, and in Australia market volumes […]

New Zealand News

June 6, 2024 New Zealand News What The Government Promises, Reality Checks Seldom does a Treasurer predict that his/her budget will produce a bleaker future: and the Minister of Finance, Nicola Willis, duly followed suit last week when handing down her budget. Indeed, she mainly highlighted the tax relief of up to $102 per fortnight […]

Steel Market Summary – Australia

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 […]

NZ SPF June24

Special Product Feature NEW ZEALAND Market Commentary The New Zealand steel and metals industry is a driving force within the New Zealand economy. However, it is also captive to the health of that economy, and to the world economy. It is therefore facing challenging times and could see a near-term contraction of activity and profitability. […]

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 […]