December 6, 2023 New Zealand News RBNZ Awaits The Evidence Everyone Else Can See The encouraging news for the steel industry and New Zealand´s business community at large is that the Reserve Bank of New Zealand (RBNZ) held its official cash rate steady at 5.5% last week, rather than raising it. The bad news is […]
SMS-Aust 6 Dec
December 6, 2023 Steel Market Summary – Australia Market Direction Unclear Amidst Mixed Messages According to the new governor of the Reserve Bank of Australia (RBA), Michelle Bullock, most Australian businesses and households are doing fine. Yes, she admitted, the RBA’s rapid rate hikes had hit households very unevenly, causing some “challenges” and creating a […]
SMS-Aust 18 Nov
November 18, 2023 Steel Market Summary – Australia Steel Prices Rise In Defiance Of Negative Global Sentiment Since Covid-19 suddenly appeared almost four years ago, the Australian steel industry has not been the master of its own destiny. First, the pandemic shut everything down; then the supply chain problems blocked everything up. The war in […]
SSMS Nov23
November 6, 2023 Stainless Steel Market Summary Market Steady In Australia & New Zealand The Australian market for stainless steel during the months of September and October improved, albeit marginally, with most major distributors having trimmed their stock holdings to historically normal levels. Notwithstanding, stainless-steel prices continue to drift sideways, while high inventories among service […]
NZN Nov23
November 6, 2023 New Zealand News SCNZ´s 2023 Excellence In Steel Awards Steel Construction New Zealand (SCNZ) distributed its annual awards in Queenstown in late October at an event attended by more than 200 structural steel industry leaders and specialists. The awards showcased the sector’s commitment to innovation, best practice and collaboration. The SCNZ´s charter […]
IIC Nov23
November 6, 2023 Industry Insider Column Guest Author – Simon Pepper, CEO at SILA Global Artificial Intelligence & Integrated Technology In this article I am going do my best to explain how Artificial Intelligence and Integrated Technology can help shipping companies and their steel industry customers achieve a better all-round result. The first thing to […]
SMS-Int Nov23
November 6, 2023 Steel Market Summary – International World Steel Association – Short Range Outlook In a world with continued high inflation, a tightening of monetary policy, an unresolved energy crisis and two significant wars underway, now is not an ideal time to be making predictions about global steel demand. Nevertheless, the World Steel Association […]
SMS-Aust 6 Nov
November 6, 2023 Steel Market Summary – Australia Steel Demand In The Lucky Country It is almost 60 years since Donald Horne wrote “The Lucky Country”, a damning critique of Australian complacency. But instead of embracing the book´s core message, generations of Australians have preferred to use the book´s title to imply that Australia is […]
Wire Products SPF Nov23
Special Product Feature WIRE PRODUCTS Market Commentary by: AWIA – Australasian Wire Industry Association The Australasian steel wire industry is underpinned by the construction, agricultural and mining industries. Through the peak of the Covid-19 pandemic, governments throughout Australia significantly boosted spending on infrastructure projects which had a flow on effect for all companies involved in […]
SMS-Aust 18 Oct
October 18, 2023 Steel Market Summary – Australia Government Report Predicts Iron Ore Price To Slide Australia is at one and the same time a large player in the global steel market and a small one. We sit at the large table because we supply China with more than half of the iron ore it […]