Infrastructure projects to lift volumes: Arrium chief

The CEO of Arrium Steel has said steel volumes sold are on
the way up, and is confident of further increases in sales and production for
the first time since the GFC.

The Australian Financial Review reports that Arrium CEO Steve Hamer
has said new infrastructure projects were starting to get traction, and would
generate a “significant lift” in volumes.

“In New South Wales we are seeing significant work in residential
developments and high rise, and for the first time in a while we are starting
to see some large-scale infrastructure projects,” Hamer said, according to the
AFR.

Arrium sold 2.07 million tonnes of steel for 2013-2014.

Earlier this week it was reported that the Anti-Dumping
Commission was investigating Arrium’s claim that countries including South
Korea and Singapore were dumping cheap steel rebar in Australia.

“(Arrium subsidiary) OneSteel has experienced
price undercutting in the range 2.5 per cent to 7 per cent in the debar
straights segment of the market in 2013-14,” it said in an application for a dumping duty notice.  

Image: Arrium