Gateway to the Australasian Steel and Metals Industry
August 19, 2024 Industry News BlueScope Steel Reveals Sharp Profit Decline In Fiscal Year 2024 BlueScope Steel today reported a net profit after tax of $805.7 million for the 2024 fiscal year. This is a $203.5 million decrease on the 2023 fiscal year. Speaking to the result, Managing Director and CEO, Mark Vassella said, “Underlying […]
August 26, 2024 Industry News Steel & Tube Reports 19% Revenue Drop In FY2024 Steel & Tube Holdings Limited has reported its audited results for the 12 months ended June 30, 2024. During the period, a significant decline in activity as a result of economic conditions drove a 21% reduction in volumes, with revenue down […]
August 18, 2024 Steel Market Summary – Australia Whyalla Lay-Offs A Sign Of Larger Problem GFG Alliance has announced the loss of 48 jobs at its Whyalla steelworks, attributing the redundancies to cost cutting needed to offset a prolonged downturn in the steel market globally. In a statement, GFG Alliance said the job losses would […]
August 6, 2024 New Zealand News Falling Inflation Brings The House Down With It The battle against inflation is being won. By the end of June, annualised inflation had come down to 3.3%, according to Stats NZ. That level is encouragingly close to the Reserve Bank of New Zealand´s target range of 1 – 3%. […]
August 6, 2024 Steel Market Summary – International Reasons Aplenty To Believe Rough Times Ahead The steel industry is simultaneously a driver of international commerce and a captive of global affairs. Its essential role in everyday life safeguards it against most economic downturns. But it is not impervious to the tectonic shifts in world order. […]
August 6, 2024 Steel Market Summary – Australia Steel Prices And Stock Markets – Heading South In the sporting world at the Paris Olympics, athletes are trying to achieve their `personal best´ and more. In the steel world, some previously high-performing products are now well below their personal best and may yet fall further. As […]
July 31, 2024 Industry News Rio Tinto 2024 Half Year Results Despite a softening in the global economy, the first half of fiscal year 2024 has provided strong results for Rio Tinto. Chief Executive, Jakob Stausholm, said: “Our strengthened operations along with stable pricing for our commodities have allowed us to again deliver robust financial […]
July 18, 2024 Steel Market Summary – Australia New Dwellings Up, Whyalla Back A slight increase in the number of new dwellings commenced in the March quarter is welcome news for the steel industry. However, the eye-catching figure within the modest 0.5% overall rise was the increase in new private sector house commencements which rose […]
July 5, 2024 Steel Market Summary – International Trade And Environmental Protections Assume Centre Stage The Chinese are fond of saying that a journey of a thousand miles begins with a single step. In keeping with that notion, the decarbonisation of all steelmaking in China may have just taken a small but vital step forward. […]
July 5, 2024 New Zealand News Decline In Home Consents Punishes Steel Industry The World Steel Association claims that 52% of all steel produced each year is used in the building and infrastructure sector. It stands to reason, therefore, that any significant downturn in the amount of home building taking place will result in less […]
