Gateway to the Australasian Steel and Metals Industry
January 5, 2024 Industry Insider Column Guest Author – Cameron Russo, Managing Director, CT Steel Supplies Competition Re-ignites Push For Quality Within the steel industry, the last five years have been an absolute whirlwind. We´ve had a global pandemic with twists and turns at every corner, natural disasters, unexpected wars and a massive shift in […]
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 – International Gentle Hint Of Optimism Enters The Market The November rally in international stock markets reflects the growing belief that central banks around the world have finished with rate rises. And some sharp declines in the level of inflation in some developed countries gives further weight to that […]
December 6, 2023 Stainless Steel Market Summary Market Wary Amid Global Cross Currents The stainless steel market during November traded sideways, with a slight downside momentum. The 304 grade export prices from Taiwan and China fell by around US $50 per metric tonne (m/t) whilst 316L prices went down by a larger amount equating to […]
December 6, 2023 Industry Insider Column Guest Author – Gavin McPherson, Senior Sales Engineer, Hobson Tough Times Require A Tough Bolt As technology advances to new heights – and depths – environments become harsher and applications grow more demanding. The result is, there are now many intense industries including oil, gas, marine, energy and petrochemical […]
December 6, 2023 New Zealand News RBNZ Awaits The Evidence Everyone Else Can See The encouraging news for the steel industry and New Zealand´s business community at large is that the Reserve Bank of New Zealand (RBNZ) held its official cash rate steady at 5.5% last week, rather than raising it. The bad news is […]
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 […]
November 6, 2023 Stainless Steel Market Summary Market Steady In Australia & New Zealand The Australian market for stainless steel during the months of September and October improved, albeit marginally, with most major distributors having trimmed their stock holdings to historically normal levels. Notwithstanding, stainless-steel prices continue to drift sideways, while high inventories among service […]
November 6, 2023 New Zealand News SCNZ´s 2023 Excellence In Steel Awards Steel Construction New Zealand (SCNZ) distributed its annual awards in Queenstown in late October at an event attended by more than 200 structural steel industry leaders and specialists. The awards showcased the sector’s commitment to innovation, best practice and collaboration. The SCNZ´s charter […]
