Tag: steel manufacturing
BlueScope updates external reporting segments to streamline North America operations
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.
NZ Steel partners with gov’t in $300m decarbonisation plan
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.
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.
ARENA opens $50m funding round to boost hydrogen, steel research
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.
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.
First public hearing of multi-billion infrastructure project to be held in Canberra
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.
Women forge new paths in steel manufacturing industry, says ASI
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.
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.
ARENA grants funding for Calix’s zero-emissions steelmaking technology
Calix Limited has received a $947,035 grant from the ARENA to evaluate the feasibility of a low-emissions method for reducing iron.
ARC hub for Australian steel innovation launches in Illawarra
The University of Wollongong Australia has launched the Australian Research Council (ARC) Hub for Australian Steel Innovation in Illawarra.
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Building resilience as manufacturing requirements become more complex
The industrial machinery and heavy equipment manufacturing sector is critical not only for its direct outputs, machines, and equipment that pave the way for construction, agriculture and manufacturing but also for its crucial role in economic development and innovation.
