Gateway to the Australasian Steel and Metals 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 […]
November 6, 2024 Steel Market Summary – International Under-Performing Global Market Blames Cheap Chinese Exports It is commonplace to hold someone else responsible for a bad outcome in which you played a crucial role. Take the Chinese, for example. At present, they are being internationally condemned for “flooding the market” with cheap exports; for dumping […]
November 6, 2024 New Zealand News Predicted Steel Slowdown Hitting Hard The slowdown in steel market conditions in New Zealand has prompted Vulcan Steel to issue a bleak market update on trading conditions and the company’s performance for the September quarter of calendar 2024, which is the first quarter of the 2025 financial year (FY25). […]
November 6, 2024 Steel Market Summary – Australia The Inflation That Stops The Nation The decision this week by the Reserve Bank of Australia (RBA) to keep interest rates on hold at 4.35% was predicated on inflation still being too high and thus stopping the economy from functioning properly. With GDP stuck at 0.2% over […]
October 18, 2024 Steel Market Summary – Australia Squeeze Is On The Gupta World The global empire of British businessman, Sanjeev Gupta, which includes the Whyalla steelworks and InfraBuild, is being laid bare by standard legal and accounting procedures. And the further those processes advance, the greater is the speculation over which entities might fail […]
October 6, 2024 New Zealand News Steel Industry Challenged By Weakening Economy The New Zealand steel industry continues to experience pain at all points along its supply chain: from manufacturers to distributors and consumers. As such, when the Reserve Bank of New Zealand (RBNZ) meets on Wednesday to consider its Official Cash Rate (OCR), it […]
October 6, 2024 Steel Market Summary – International Tariffs And Protectionism Rise As Industry Struggles “CBAM is a bad instrument. It is wrongly conceived, it is almost impossible to apply, it is limited to the first phase of the cycle (Scope 1) and it’s not going to work,” declared Antonio Marcegaglia, the CEO of Italian […]
