Gateway to the Australasian Steel and Metals Industry
January 16, 2025 Industry News Rio Tinto Closes 2024 With Solid Q4 Operations Rio Tinto has today released its 2024 Fourth Quarter Operations Review. Chief Executive, Jakob Stausholm, said: “Our operating performance in 2024 was good, consistent with our ongoing commitment to strengthen the business as we execute our strategy to deliver profitable growth. The […]
January 6, 2025 Steel Market Summary – International Overcapacity And Trump To Dictate Steel Market In 2025 A Danish politician in the 20-century famously said: “It is difficult to make predictions, especially about the future”. He was referring to the difficulty in making accurate predictions. However, after China´s steel exports approached record levels in 2024, […]
January 6, 2025 Steel Market Summary – Australia Where To Whyalla And Australian Steel In 2025? On Christmas Eve, when the South Australian premier, Peter Malinauskas, declared to the assembled media that it would be a “national disaster” if the Whyalla steelworks were to close, he was in effect speaking directly to Sanjeev Gupta, the […]
January 6, 2025 New Zealand News Hope More Than Expectation For Steel Market Recovery In 2025 The downward trend of the New Zealand economy in 2024 became official in mid-December when the government announced that gross domestic product (GDP) had declined by 1.0% in the September quarter. Coupled with the June quarter´s revised 1.1% fall […]
December 18, 2024 Steel Market Summary – Australia Subdued Year Ends With Further Uncertainty When the Federal Treasurer, Jim Chalmers, gave his rather glum forecast this week for the overall Australian economy in 2025, he could just as easily have been referring to the steel industry specifically. Indeed, the health of the steel industry is […]
November 9, 2024 Industry News SCNZ 2024 Excellence In Steel Awards Steel Construction New Zealand (SCNZ) is pleased to announce the results of its 2024 Excellence in Steel Awards. The finalists were selected from a pool of more than 50 outstanding submissions across an impressive array of structural steel applications. Nearly 300 structural steel industry […]
December 6, 2024 New Zealand News Rate Cut A Relief For Struggling Steel Industry In characteristic Kiwi style, the Reserve Bank of New Zealand´s decision in late November to lower its official cash rate (OCR) by 50 basis points was a bold move and contrary to the hesitancy being shown by most central banks around […]
December 6, 2024 Steel Market Summary – International Global Steelmakers Ranked By Renewable Energy Use Steelmakers around the world are failing miserably in making the switch towards low-carbon production, according to a report by the Sydney-based climate group, Action Speaks Louder (ASL). The report titled “Testing the Mettle: Ranking Steel Companies´ Current Renewable Energy Use” […]
December 6, 2024 Steel Market Summary – Australia Christmas Gift For Whyalla, But No Festive Season GFG Alliance, the parent company of the Whyalla steelworks, says it has secured $153 million in funding from an un-named major global credit fund. “The milestone funding initiative will bolster cash flow and part of the proceeds will be […]
November 18, 2024 Steel Market Summary – Australia Second Coming Of Trump Heralds Volatile Era Donald Trump wants to re-shape the world in his own image: and this time he´s not going to pussy-foot around. His decision-making over the next four years won´t be restrained by the fear of electoral consequences – because the constitution […]
