Gateway to the Australasian Steel and Metals Industry
October 29, 2024 Industry News BlueScope Steel Updates First Half FY2025 Earnings Guidance BlueScope Steel today announced it now expects underlying earnings before interest and tax (EBIT) for the first half of the financial year 2025 (FY2025) to be in the range of $270 million to $310 million. This is below the prior guidance range […]
October 17, 2024 Press Release BHP´s Operational Review September Quarter 2024 BHP has announced a strong operational performance for the first quarter of the 2025 financial year (FY2025) with increased copper, iron ore and coal production. The company´s chief executive officer, Mike Henry, said: “BHP had a strong start to the 2025 financial year, with […]
October 24, 2024 Industry News Fortescue´s September 2024 Quarterly Production Report Fortescue has announced its first quarter production report for the financial year 2025 (FY25). Fortescue Metals chief executive officer, Dino Otranto, said: “Fortescue had a strong start to FY25 with record first quarter iron ore shipments of 47.7 million metric tonnes (Mmt), which included […]
October 16, 2024 Industry News Rio Tinto Third Quarter 2024 Production Results Rio Tinto has released its production results for the third quarter of 2024. Commenting on the results, Rio Tinto´s chief executive, Jakob Stausholm, said: “We progressed our major projects to deliver profitable organic growth. We are on track for first production from our […]
October 18, 2024 Steel Market Summary – Australia Squeeze Is On The Gupta World The global empire of British businessman, Sanjeev Gupta, which includes the Whyalla steelworks and InfraBuild, is being laid bare by standard legal and accounting procedures. And the further those processes advance, the greater is the speculation over which entities might fail […]
October 6, 2024 New Zealand News Steel Industry Challenged By Weakening Economy The New Zealand steel industry continues to experience pain at all points along its supply chain: from manufacturers to distributors and consumers. As such, when the Reserve Bank of New Zealand (RBNZ) meets on Wednesday to consider its Official Cash Rate (OCR), it […]
October 6, 2024 Steel Market Summary – International Tariffs And Protectionism Rise As Industry Struggles “CBAM is a bad instrument. It is wrongly conceived, it is almost impossible to apply, it is limited to the first phase of the cycle (Scope 1) and it’s not going to work,” declared Antonio Marcegaglia, the CEO of Italian […]
October 6, 2024 Steel Market Summary – Australia Future Of Whyalla Steelworks Again In Question The South Australian government is seeking advice after speaking with people in the Whyalla community who are concerned about events unfolding within GFG Alliance and at the Whyalla steelworks. In late September the Premier, Peter Malinauskas, told parliament: “The government […]
September 25, 2024 Industry News Fortescue And Liebherr In US $2.8 Billion Green Equipment Partnership At MINExpo in Las Vegas, Fortescue and Liebherr have announced the signing of a US $2.8 billion green equipment partnership for zero emission mining solutions and have unveiled the jointly developed autonomous battery-electric T 264 truck. The partnership includes technology […]
September 18, 2024 Steel Market Summary – Australia The Dark Side Of Falling Steel Prices As consumers, we are hard-wired into thinking that lower prices must be a good thing. This is especially so when we buy a product regularly, then its price suddenly falls. However, a discounted selling price surely means the vendor´s profit […]
