The Morrison Government is investing $55.4 million to shore up the supply of Australian steel to support renewable energy projects and the local Defence sector.
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BlueScope welcomes Renewable Manufacturing Fund in NSW
BlueScope has welcomed the NSW government’s new $250 million Renewable Manufacturing Fund and its commitment to create opportunities for local industry in this and other sectors.
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BlueScope increases its 1H FY2022 earnings guidance
BlueScope now expects underlying earnings before interest and tax (EBIT) for 1H FY2022 to be in the range of $2.1 billion to $2.3 billion. This is above the prior guidance range of $1.8 billion to $2.0 billion and is subject to spread, FX and market conditions.
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Manufacturers support bushfire relief
Manufacturers have joined global efforts to support bushfire relief across Australia.
Explosives company Orica was the latest of a number of businesses to announce significant donations to rural firefighters
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Bluescope to invest a billion in US production
Australian steelmaker, Bluescope Steel, has announced that it will invest almost $1 billion in its Ohio, US steel mill, North Star.
Bluescope will expand its US production facilities by 40 per cent, and
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Steel manufacturing booming in Victoria
BlueScope, Australia’s largest steel manufacturer, has created more than 100 jobs at its Western Port plant over the last 12 months on the back of Victoria’s record infrastructure pipeline and its
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Alan Finkel warns over lack of action on climate
Australian chief scientist Alan Finkel will today profess his support for a clean energy target, which he believes will have the lowest impact on power prices compared to other schemes.
According to Finkel,
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BlueScope rivals encroach on company’s profits
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,
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Colorbond continues anniversary celebrations with steel kangaroo mob
Next week 22 kangaroo-shaped Colorbond sculptures will be on display in Sydney’s The Rocks, as part of the coated steel’s 50th anniversary celebrations.
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Savings still needed if Bluescope to avoid Port Kembla “Plan B”
Bluescope Steel, which announced a 160 per cent lift in its annual profits yesterday, has said it needs to continue cutting costs and be "competitive and profitable producer" if it is to keep the Port Kembla steelworks open.
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25 Bluescope slab yard jobs to be automated
About 25 jobs at Bluescope Port Kembla’s slabyard will be lost as automated processes are brought in.
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Bluescope upgrades half-year profit, assisted by US margins, acquisition
Little future in Australia focussing on garden variety steel
Can Australia still make steel? Brent Balinski spoke to metals expert Professor Geoff Brooks from Swinburne University about the industry’s difficulties, where it can excel, and the competition it
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Improved half-year outlook for BlueScope
Bluescope steel workers vote for job losses and pay freeze
Workers from Bluescope’s Port Kembla steel plant have voted to accept an enterprise agreement which will see 500 of them lose their jobs and those remaining face a three year pay freeze.
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NSW govt cops criticism over Bluescope handout
Bluescope does not deserve the assistance it received from the NSW Government and the company should improve its operations on its own, according to a former senior public servant.
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Bluescope to keep Port Kembla plant open
Bluescope Steel says it will keep its Port Kembla steelworks open, following what it called ‘game-changing cost-out’ commitments by employees, unions and the NSW Government.
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BlueScope steelmaking future to be decided in six – eight weeks
The future of Bluescope’s Port Kembla No. 5 blast furnace – and 5,000 jobs – looks set to be decided in the next six to eight weeks.
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Bluescope chairman Graham Kraehe to step down
BlueScope Chairman, Graham Kraehe will retire in November and be replaced by John Bevan, currently a non-executive director of the Company.
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Steel Institute urges caution on BlueScope Port Kembla predictions
The Australian Steel Institute has said that there is no immediate danger of the BlueScope Port Kembla steelworks shutting, following a report warning of local economic disaster if this happens.
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