Gateway to the Australasian Steel and Metals Industry
Special Product Feature SCRAP METAL Market Commentary: Brave New World For Scrap Metal In Australia The future of the scrap metal industry in Australia is poised for significant transformation, driven by technological advancements, sustainability initiatives and evolving market dynamics. Improvements in sorting technologies, such as automated and AI-driven systems, are enhancing the efficiency and accuracy […]
February 19, 2025 Industry News Rio Tinto´s Strong Operating Performance Underpins 2024 Financial Results Rio Tinto has announced its 2024 financial results which show an underlying EBITDA of US $23.3 billion despite there having been an 11% drop in the price of iron ore. Rio Tinto´s Chief Executive, Jakob Stausholm, said: “We continue to build […]
February 24, 2025 Press Release Steel & Tube Positions For Return Of Demand Steel & Tube Holdings Limited has announced its results for the six months ended December 31, 2024 (1H25), as it continues to steadily navigate a weak economy and position itself for a return in demand. Chief executive, Mark Malpass, said: “Steel & […]
March 6, 2025 Steel Market Summary – International Protectionism In Vogue As China Struggles During the past 12 months, the international steel community has been highly critical of those naughty Chinese who´ve been “flooding” the market with their “cheap” steel. Chinese steelmakers have been demonised for “dumping” their product wherever it suits them. Part of […]
March 6, 2025 New Zealand News Reason For Optimism Contrasts With Harsh Reality In times of need, a mere glimmer of hope can take on larger-than-life proportions. Thus, the increase in home consents announced by Stats NZ on March 4 might well be latched onto as a sign that the New Zealand steel industry has […]
March 6, 2025 Steel Market Summary – Australia Administrator Reveals Full Extent Of Whyalla Debt Crisis The administrator appointed by the South Australian Government to sort out the Whyalla steelworks mess has held its first meeting with creditors. On March 4, insolvency firm KordaMentha told the meeting the steelworks had been losing $1.5 million a […]
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 […]
February 18, 2025 Steel Market Summary – Australia Shadow Of Tariffs Hangs 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 […]
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, […]
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 […]
