Tag: steelmaking
BlueScope upgrades profit forecast for 2H 2023 following US steel mill’s profit jump
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.
GFG Alliance to commence low-carbon steelmaking in South Australia
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.
BHP, Hatch to design electric smelting plant in Australia
Melbourne-based mining company BHP engineering firm Hatch have inked an agreement to design an electric smelting furnace pilot (ESF) plant with a plan to construct the facility in Australia.
BlueScope announces $851m EBIT for FY2023’s first half
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.
World’s biggest steelmakers jointly acquire German steel plant in the US
Global steelmaking giants Nippon Steel Sumitomo Metal and ArcelorMittal will jointly acquire an automotive steel sheet manufacturing plant from ThyssenKrupp, aiming to more than...
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Xometry CEO Sanjeev Singh Sahni on how AI and digital networks are reshaping manufacturing supply chains
Australian manufacturers have long competed against distance. In an exclusive interview with Australian Manufacturing, Xometry CEO Sanjeev Singh Sahni discusses how AI can help manufacturers access more production capacity and simplify traditionally email-driven supply chains.
