February 7, 2024 New Zealand News Fall In Housing Consents Bodes Poorly For Steel Industry Falling inflation and the likelihood of interest rate cuts later this year will both be welcomed by the overall New Zealand economy. However, the anti-inflation measures taken during 2023 are now having their full and adverse effect on the steel […]
SMS-Int Feb24
February 7, 2024 Steel Market Summary – International The Swirling Currents Of Global Steel Trade Amid the shifting fortunes of the post-pandemic steel world, India´s growing status as a producer and consumer holds the most intrigue. Whilst still a long way behind China´s 2023 crude steel production level of 1,019 million metric tonnes, India´s 140.2 […]
SMS-Aust 7 Feb
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 […]
IIC Feb24
February 6, 2024 Industry Insider Column Guest Author – David Roberts, Trading Director at Sanwa Recognise The True Local Heroes In 1999, just before Arium shut down its Newcastle blast furnace, Australia produced approximately 8 million metric tonnes of steel per year and had a population of just under 19 million people. Now, almost 25 […]
Stainless Steel Feedstock Index
Stainless Steel Feedstock Index Stainless Steel Feedstock Index – EAF (AUD) Stainless Steel Feedstock Index – EAF (USD) The Stainless Steel Feedstock Index (SSFI) is a creation of the newsletter Australian Steel News (ASN). Whilst it doesn´t show the actual cost of buying stainless steel in the Australian marketplace, it does show the month-to-month change […]
SMS-Aust 18 Jan
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, […]
SMS-Int Jan24
January 5, 2024 Steel Market Summary – International Volatile Year Ahead As Nippon Steel Buys US Steel New Year´s resolutions and predictions for the year ahead often fade into obscurity even before we reach February. But this doesn´t stop us making them. However, the wisest forecast to make is always: “It´s hard to predict…” And […]
SMS-Aust 5 Jan
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. […]
NZN Jan24
January 5, 2024 New Zealand News Chill Wind Of Economic Reality To Blow Through 2024 At the very beginning of a new year, it is normal to wonder what lies ahead. How will my personal life and business life fare as the year progresses? To know the answer, people often look to predictions by so-called […]
SSMS Jan24
January 5, 2024 Stainless Steel Market Summary The Curiosity Of Prices Rising As Nickel Falls Most market participants in Australia and New Zealand are currently enjoying their Christmas and summertime break, with the result that we turn our attention overseas for pricing and news developments. In Taiwan, the stainless steel wire rod and cable manufacturer, […]
