Despite the restructuring in the automotive space, manufacturing continues its competitive streak with a few bright spots indicating a gradual uptick, according to IBISWorld’s Top 100 Manufacturers List for 2017. Syed Shah reports. Recently, the Advanced Manufacturing Growth Centre (AMGC) stated in its report: Advanced Manufacturing – A Definition for a New Era, that the … Continue reading Full list: Top 100 manufacturers 2017
Departing BlueScope Steel CEO Paul O’Malley has warned rising energy costs are threatening to undermine the manufacturer’s recent surge in the market. In its latest financial review, the Sydney-based company recorded a $715.9 million net profit after tax in 2017 – a 102 per cent increase on the previous year. O’Malley – who will be … Continue reading Energy warning as BlueScope review records profit double, cartel investigation
Australia’s biggest manufacturer, steel giant BlueScope, has controversially backed a clean energy target for the energy sector. It is unreasonable to favour the provision of affordable and reliable energy over reducing carbon emissions, according to BlueScope chief executive Paul O’Malley. Therefore, he has called for politicians to get behind a clean energy target as a … Continue reading Australia’s biggest manufacturer backs clean energy target
A number of US steelmakers are expanding capacity and upgrading mills in the same region where Australian company BlueScope Steel operates its highly profitable North Star mill. According to BlueScope, its North Star mill in Ohio achieved a profit of $211 million in the first half of 2016-17, which accounted for 35 per cent of … Continue reading BlueScope rivals encroach on company’s profits
The head of Australia’s largest steelmaker Bluescope Steel, Paul O’Malley said that energy insecurity in the country is so high that jobs “could leave the countries in droves”, according to the Australian Financial Review. O’Malley said that while the government is dithering on the particulars of energy policy like the Renewable Energy Target (RET) and … Continue reading Bluescope head warns energy costs could cripple local industry
According to a report in The Australian this morning, HSBC has become the latest Arrium lender to sell its debt in the company. This latest move comes as voluntary administrators KordaMentha and advisers Morgan Stanley prepare to sell the remainder of the Arrium business early next year after divesting Moly-Cop to American Industrial Partners for … Continue reading HSBC set to dump its Arrium debt
Bluescope Steel has said it is confident of being picked to supply the steel for Australia’s new submarine fleet, which will be made in Adelaide. Fairfax reports that the steelmaker will meet with the winning bidder to design the submarines, France’s DCNS, on May 12 regarding the required specifications. “We’re confident that we can supply … Continue reading Bluescope to meet with DCNS in a fortnight about submarine steel
Unions representing workers at Bluescope Steel’s Port Kembla steelworks say the NSW Government must provide tax concessions to the company to save the facility.
Wind farm tower manufacturers will lodge an anti-dumping claim in order to fight off competition from cheap Asian competitors.
BlueScope Steel has accused local importers of cheating the manufacturing industry by claiming concessions on cheap imported steel.
Bluescope steel has invested more than $100 million to develop a more resilient line of steel for the Australian market.
160 employees at Silcar will be made redundant in January.
An industrial accident at BlueScope Steel’s Port Kembla site has left a man’s leg partially severed.
BlueScope Steel has suggested it’ll be no sooner than the first half of 2012/2013’s financial year before the company returns to profitability.
Diane Grady, a director at BlueScope Steel, has urged changes to disclosure requirements on executive pay.
BlueScope Steel has announced that it has cancelled a $US 300 million unsecured note offering.
BlueScope Steel has reported 32 incidents where it has breached its pollution licence in 2011 – 12.
BlueScope Steel has announced a $1.04 billion loss for the year to June. This was a slight improvement on its $1.05 deficit from the previous financial year, coming in a period marked by the company’s restructure and a persistently high Australian dollar.
BlueScope staff will walk off the job next week unless a workplace agreement is made.
BlueScope and Nippon Steel have announced a US$1.36 billion coated products joint venture.