Hills Holdings has managed a $19 million underlying profit, though reported a loss of $94 million for the last financial year, due to expensive restructuring costs.
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BlueScope shrinks yearly loss to $84.1 million
BlueScope Steel has announced this morning that it has shrunk its annual loss from $1.04 billion to $84.1 million, with a return to profit expected this financial year.
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How steel changed the world: INFOGRAPHIC
Steel is essential for modern living, it is credited for the rise of the industrial world and its demand is almost insatiable.
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Keech gains new international accreditations
Bendigo-based castings maker Keech Australia has gained ISO 14001 Environmental Management System and AS/NZS 4801 OH&S Management System accreditation on their first attempt.
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Government fund accused of failing laid off BlueScope workers
The Illawarra Region Innovation and Investment Fund, budgeted at $300 million and designed in response to 800 redundancies at BlueScope’s operations in Port Kembla, has been called a failure by some that it was designed to assist.
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ArcelorMittal posts $343m loss
Global steel giant ArcelorMittal has reported a first quarter loss of $343 million, down from a $92m net profit a year ago.
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Proposed $4bn steel plant inches closer to construction
The company leading a proposed $4 billion steel plant in Gladstone says it should receive feedback on its environmental impact statement “any day now”.
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Falling demand hurts Chinese steel mills
The China Iron and Steel Association has told its members to lower expectations for the rest of the year, with weak demand and poor margins hurting profits for the country's largest steelmakers.
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Steeling Time: Upgrading automation
OneSteel Whyalla took advantage of a recent blast furnace repair to upgrade their critical skip hoist control system.
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Hills sells off remaining building businesses
Hills Holdings is selling off the remnants of its building materials business so it can focus on the lifestyle and electronics sector.
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Adelaide manufacturer shuts doors
An engineering and manufacturing business in Adelaide has collapsed, leaving 120 employees out of work.
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Steel boss sounds dire warning for Chinese mills
A senior figure in the Chinese steel industry says the market is oversupplied and a wave of small and large steel mills in the Asian powerhouse will close down over the next few years.
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Manufacturers’ Monthly Endeavour Awards Finalists – Australian Steel Innovation
As nominations close for the 10th Endeavour Awards, we highlight the finalists for each category, giving you an insight into innovation and excellence in the manufacturing industry.
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Fire at Perth steel factory
Up to 200 cars caught fire during a blaze at a steel factory in Perth over the weekend.
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New CEO for Arrium
Arrium has appointed Andrew Roberts as its new managing director and CEO, a day after the company posted a big loss and flagged moves to make further job cuts.
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Arrium posts big loss, flags further job cuts
Steel maker Arrium has posted a $445.4 million loss for the first half of the financial year, a large drop from the $70.7m loss posted a year earlier.
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Swinburne professor honoured for process metallurgy
Swinburne University of Technology Engineering Professor Geoff Brooks has been awarded the Association for Iron and Steel Technology’s (AIST) John F Elliott Lectureship for 2013.
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$3 billion loss for Arcelormittal
ArcelorMittal, the world's largest steelmaker, has posted its first annual loss but forecasts improving demand and economic conditions later this year.
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Arrium posts $474 million write-down
Mining and materials group Arrium has announced a $474 million write-down on its manufacturing business, blaming a weak construction market, strong dollar, and difficult global conditions.
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ArcelorMittal cuts 1300 jobs
Steel maker ArcelorMittal has cut 1300 jobs at its cold pressed steel manufacturing facilities.
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