March 6, 2024 Steel Market Summary – International Steel Market Oscillates Awaiting Direction Nippon Steel´s controversial $1.5 billion acquisition of the giant American steelmaker, US Steel, continues its tortuous journey through the labyrinth of US politics and regulatory hurdles. Nippon Steel is currently negotiating with the United Steelworkers (USW), the main union at US Steel. […]
NZN Mar24
March 6, 2024 New Zealand News Steel Industry Challenged As Economy Cools The Reserve Bank of New Zealand kept interest rates steady at its February 28 policy meeting. Just as well, because the recent 12 months of rising rates has cooled the New Zealand economy something fierce. Clear evidence of this can be found in […]
SMS-Aust 6 March
March 6, 2024 Steel Market Summary – Australia To The Biggest Go The Spoils In January, the Australian Federal Government announced BlueScope Steel would receive $136.8 million of taxpayers´ money to help with its ongoing business: specifically, the reline of its No. 6 blast furnace. In mid-February, BlueScope Steel announced a net profit after tax […]
IIC Mar24
March 6, 2024 Industry Insider Column Guest Author – Stephen Eddowes, CEO at MAKOMESH The Future Of Manufacturing Is Now One question I am regularly asked by business leaders is: How do you do it? More precisely, they want to know how we undertake the wide-ranging implementation of digital technologies in a manufacturing business. The […]
SMS-Aust 18 Feb
February 19, 2024 Steel Market Summary – Australia Green Steel Edges Closer To An Economic Reality The management of a fundamental source of Australia´s economic prosperity should – and will – change in the very near future, according to two eminent Australians. Renowned economist, Professor Ross Garnaut, and economic public policy expert, Professor Rod Sims, […]
NZN Feb24
February 7, 2024 New Zealand News Fall In Housing Consents Bodes Poorly For Steel Industry Falling inflation and the likelihood of interest rate cuts later this year will both be welcomed by the overall New Zealand economy. However, the anti-inflation measures taken during 2023 are now having their full and adverse effect on the steel […]
SMS-Int Feb24
February 7, 2024 Steel Market Summary – International The Swirling Currents Of Global Steel Trade Amid the shifting fortunes of the post-pandemic steel world, India´s growing status as a producer and consumer holds the most intrigue. Whilst still a long way behind China´s 2023 crude steel production level of 1,019 million metric tonnes, India´s 140.2 […]
SMS-Aust 7 Feb
February 7, 2024 Steel Market Summary – Australia Steel Industry Receives $200M In Clean Energy Drive The Federal Government has announced the allocation of $200 million in total funding to BlueScope Steel and Liberty Steel Australia (parent company of InfraBuild) as part of its Powering The Regions Fund. The grants are the first to be […]
IIC Feb24
February 6, 2024 Industry Insider Column Guest Author – David Roberts, Trading Director at Sanwa Recognise The True Local Heroes In 1999, just before Arium shut down its Newcastle blast furnace, Australia produced approximately 8 million metric tonnes of steel per year and had a population of just under 19 million people. Now, almost 25 […]
Stainless Steel Feedstock Index
Stainless Steel Feedstock Index Stainless Steel Feedstock Index – EAF (AUD) Stainless Steel Feedstock Index – EAF (USD) The Stainless Steel Feedstock Index (SSFI) is a creation of the newsletter Australian Steel News (ASN). Whilst it doesn´t show the actual cost of buying stainless steel in the Australian marketplace, it does show the month-to-month change […]
