Tag: steel manufacturing

Australia's top iron ore producers, Rio Tinto and BHP, have joined forces with the country's largest steelmaker, BlueScope, to spearhead efforts in decarbonising steel production.

The Australian government has announced $200 million in grant funding that aims to help Australian steel manufacturers be globally competitive and secure the future of the local steelmaking industry. 

BlueScope is set to make modifications to its external reporting segments to consolidate and simplify the reporting of its North American operations, following its recent acquisitions in the United States.

New Zealand Steel is set to build a new $300 million (AUD 283 million) Electric Arc Furnace at its steelworks at Glenbrook within the next three years as part of the move to lower the country’s greenhouse gas emissions.

Australian steelmaker BlueScope Steel has increased its earnings guidance for the second half of fiscal year 2023 to be in the range of $700 million to $770 million. 

The Australian Renewable Energy Agency (ARENA) is investing $50 million for two funding rounds targeting research and development (R&D) for renewable hydrogen and low emissions iron and steel, as announced in a media release. 

Ministers Chris Bowen and Ed Husic have welcomed GFG Alliance’s steelmaking company Liberty Steel’s plan to venture into low-carbon steel manufacturing in South Australia. 

The Australian Citizens Party announced that the first public hearing for Project Iron Boomerang, one of the largest infrastructure projects ever planned in Australia, will take place this week on Friday in Canberra, where senators from the Rural and Regional Affairs and Transport Committee will be meeting.

Australian Steel Institute (ASI) chief executive Mark Cain said 50 per cent of the institute’s staff are comprised of women who are increasingly turning to non-traditional pathways such as steel manufacturing. 

ASX-listed steelmaker BlueScope has posted an underlying EBIT of $851 million and a net profit after tax (NPAT) of $599 million for the first half of fiscal year 2023.