May 6, 2024 Steel Market Summary – International Weak International Sentiment Faces Chinese Aggression Two major international organisations have offered a pessimistic view of the steel industry for the remainder of 2024 and into the near future. IREPAS and Eurofer both also say that increased exporting by China is making a bad situation worse. The […]
SMS-Aust 6 May
May 6, 2024 Steel Market Summary – Australia The Green Theme Is Gathering Steam Australia´s second largest pension fund, the $280 billion Australian Retirement Trust, has announced it will stop investing in most thermal coal companies from July onwards. Whilst the decision will not have a direct impact upon the steel industry in Australia, it […]
Stainless Steel SPF May24
Special Product Feature STAINLESS STEEL Market Commentary by: ASSDA – Australian Stainless Steel Development Association The stainless steel industry in Australia plays a pivotal role in manufacturing, supplying critical infrastructure and serving hygienic applications such as pharmaceutical, food and beverage production. These are fundamental to our national safety and standard of living. Like much manufacturing in […]
SMS-Aust 18 Apr
April 18, 2024 Steel Market Summary – Australia World Steel Demand To Enter Growth Period Earlier this month the Prime Minister, Anthony Albanese, announced his plan for Australia´s manufacturing sector as our country and the world respond to the challenges of climate change and international supply chain disruptions. The details of the ambitious Future Made […]
SMS-Int Apr24
April 5, 2024 Steel Market Summary – International Politics, Prices And Going Green Dominate Politicians have the annoying habit of poking their self-interested noses into the normal flow of business and, by doing so, mucking things up. A case in point is the almost $15 billion acquisition of US Steel by Nippon Steel, announced last […]
NZN Apr24
April 5, 2024 New Zealand News All Change At The Top Of Fletcher Building In further news on the transition process at Fletcher Building, Nick Traber was due to assume the role of acting CEO of the company, effective from March 29. He will hold that position for an interim period until a permanent CEO […]
SMS-Aust 5 April
April 5, 2024 Steel Market Summary – Australia Australia Receives Embarrassing Anti-Dumping Ruling A panel at the World Trade Organization (WTO) has found that duties imposed by Australia in a steel products dispute with China were flawed. Canberra has accepted the ruling. The problem here is not so much the size or nature of the […]
IIC April24
April 5, 2024 Industry Insider Column Guest Author – Cameron Russo, Managing Director, CT Steel Supplies Competition Re-ignites Push For Quality A few months ago I made some comments which are worth repeating. Within the steel industry, the last five years have been an absolute whirlwind. We´ve had a global pandemic with twists and turns […]
Importers SPF Apr24
Special Product Feature IMPORTERS Market Commentary by: ASA – Australian Steel Association Australia´s construction sector is facing many challenges including rising labour costs and supply chain disruptions, Nevertheless, the steel industry remains resilient and is serving as a cornerstone for infrastructure development. Steel suppliers, traders, distributors and downstream manufacturers continue to play a vital role […]
SMS-Aust 18 March
March 18, 2024 Steel Market Summary – Australia Cooling Economies Deflate Steel Prices As the first officer said to the captain on board the Titanic: “Sir, I have this sinking feeling.” So too, international steel prices are sliding downward, the impact of which on the Australian domestic market will be interesting to observe. A key […]
