Tag: steelmaking
BlueScope sees net profit falls in FY2023; announces Port Kembla furnace relining and upgrade
BlueScope has made a $1.15 billion investment in the relining and upgrade of the No.6 Blast Furnace (6BF) Port Kembla Steelworks and announced a dip in profit in fiscal year 2023.
University of Queensland researchers introduce new low-emission sinter tech
Researchers from the University of Queensland have developed a new type of sinter capable of reducing carbon emissions in the iron and steelmaking industry.
Green steel manufacturing businesses in WA among recipients of $1 million worth of local...
Construction on the Western Range Pilbara iron ore mine has commenced with $1 billion in local contracts handed to Western Australian businesses, including firms focused on green steel manufacturing.
Fortescue, China Baowu to explore lower-emissions steelmaking technology
Australian iron ore mining company Fortescue has partnered with China Baowu Steel Group Corporation to explore the development of a technology that could reduce emissions associated with iron and steel making.
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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Data-rich or data-poor: Where should manufacturers focus their AI efforts?
Over the past year, manufacturers worldwide have made significant strides in adopting artificial intelligence technologies, moving beyond the initial hype to tangible implementations that deliver real business value.
