The use of aluminium in car making in the USA is apparently on the rise, though steel has the edge with incumbency and price.
The joint venture between Australia’s BlueScope Steel and India’s Tata Steel shows the way forward for Australian manufacturers to find new markets.
The managing director of collapsed Griffith company Colla Bros has said that times are very difficult in the local steel fabrication industry.
Swedish steel maker SSAB has signed an agreement to acquire 51% of the shares of Perth-based G&G Mining Fabrication.
Arrium’s CEO Andrew Roberts has criticised government support for local manufacturers.
An endangered bird has been cited by environmentalists opposed to a planned steel fabrication workshop in the Hunter Economic Zone.
The AMWU has claimed that BlueScope Steel is planning to cut over 80 jobs at its Port Kembla operations.
An expert from KPMG has said the Chinese government was committed to shut some of the company’s less productive steel mills.
The two companies are forming a globally operating provider for plants, products and services for the iron, steel and aluminium industry.
BlueScope’s Port Kembla site will soon install a new stretch levelling processing line, a $5 million investment.
Bradken has announced it will be shutting down its “highest cost manufacturing facilities” and cutting its workforce.
Bendigo casting and engineering company Keech has said that it has goals to continue its research in steel and to be one of the world’s leaders.
Arrium has announced that it will make 20 per cent of the workers at its Waratah site redundant.
The troubled Gladstone Steel project is now likely to proceed as funds raised have almost reached their goal and steel buyers are showing interest.
Global drainage solutions company ACO has upgraded its capabilities and will hire up to eight new western Sydney workers at its Emu Plains site.
The price of iron ore fell to an 18-month low as China signalled that it would cut off credit to inefficient steel mills to encourage rationalisation.
Some manufacturers are seeing an improvement in their fortunes as the Australian dollar comes down from its 2013 peak.
The ACCC has announced this morning that it will allow BlueScope’s purchase of Arrium’s OneSteel sheet and coil assets.
BlueScope CEO Paul O’Malley has said there are positive signs for his business in the USA and in the Australian residential housing market.
Geelong is preparing for the impact of the Alcoa Point Henry smelter’s closure.