Confidence in market pick-up behind new $42 million steel warehouse in Drury. Privately-owned steel importing business Asmuss is investing $42 million in a new 15,000 square-metre steel warehouse in Drury. This investment speaks to the company’s confidence that the market will pick up, especially when you consider the level of infrastructure investment required in New Zealand. The new warehouse can store twice the amount of steel used to build the Auckland harbour bridge. Asmuss has been around for 100 years and its products have been behind some of the country’s most significant builds, including the Marsden Point former oil refinery, the Waikato River hydro dams owned by Mercury, Meridian’s Huntly Power Station and the Wellington waterfront stadium. Congratulations Dean Brown and Asmuss team. https://lnkd.in/g77MqamV
Metals New Zealand’s Post
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Green Steel of WA would like to thank the Western Australian Premier Roger Cook for granting our Collie Steel Mill Project Strategic Project Status under the Western Australian Lead Agency Framework whose aim is to focus the efforts of the government towards those projects that need to proceed first to deliver on the state’s decarbonisation and economic diversification agenda. Strategic projects are defined by the Western Australian Jobs Act of 2017 as projects that the Minister for State Development, Jobs and Trade considers to be of strategic significance to the Western Australian economy and have the potential to create a substantial amount of economic activity and jobs within the state, something which The Collie Steel Mill, which will create over 200 direct jobs in Collie while contributing over $1B to WA’s economy, very much achieves. Designated Strategic Projects will receive a high level of project facilitation through the Department of Jobs, Tourism, Science and Innovation (JTSI), across State Government agencies, further strengthening the strong support that we have already been receiving from JTSI, the Department of the Premier and Cabinet of WA of Premier and Cabinet and the WA State Government. Having already received our Development and Works Approvals in record time, GSWA looks forward to working with the Western Australian and Commonwealth Governments, local communities and traditional owners, as we work towards beginning construction of WA’s first ever steel mill next year.
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𝗗𝗜𝗦𝗖𝗢, 𝗰𝗼𝗺𝗺𝗶𝘀𝘀𝗶𝗼𝗻𝗲𝗱 𝗹𝗶𝗺𝗲𝘀𝘁𝗼𝗻𝗲 𝗽𝗿𝗼𝗱𝘂𝗰𝘁𝗶𝗼𝗻 𝘂𝗻𝗶𝘁 This is a critical phase of the #iron and #steel plant project at Manhize. The commissioning of the #limestone production unit is seen as a significant advance in securing the key resources required to meet the plant's energy requirements. Disco's investment has the potential to make a significant contribution to economic and industrial development in the Midlands. It is also expected to boost employment in the region and revitalise the local economy. With the completion of the plant, it is anticipated that there will be a significant increase in iron and steel production capacity in the region and a major contribution to the industrial infrastructure of the country. This will have a positive impact on the economic growth of the Midlands and the development of the local labour force. Disco's investment will bring new dynamism to the regional economy, increase employment opportunities and support the development of the industrial sector. https://lnkd.in/d4bQ98gn
DISCO, commissioned limestone production unit
steelradar.com
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MetalMiner: Liberty Steel’s Ambitious Expansion Strategy Revealed: Hiking Capacity at Rotherham Plant Liberty Steel recently announced a restructuring plan for its operations in the United Kingdom after signing a new framework agreement with creditors. Among other things, the ambitious plan includes hiking crude steel manufacturing capacity at its Rotherham plant. The London-based company noted that the plan would see Liberty consolidate all its operations in the UK into one organization under a new entity and corporate structure. “It is proposed that the existing companies will transfer their assets and employees to the new company, subject to final structuring and agreements,” the company stated. Liberty also added that “Employees will carry over existing terms and conditions, with continuity of employment preserved. There will be no impact on operations, suppliers, or customers.” Continue reading: https://lnkd.in/gmKV_qhT #steel #steelprices #industrialmetalnews #metalprices
Liberty Steel’s Ambitious Expansion Strategy Revealed: Hiking Capacity at Rotherham Plant
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What Are the Major Steel Production Facilities in Hong Kong? A Comprehensive Guide https://lnkd.in/dB3FZbch Hong Kong, despite being a small territory, plays a crucial role in steel production, processing, and distribution, largely supporting the region’s booming construction and infrastructure sectors. Though the steel industry in Hong Kong is not as vast as in countries like China or India, it is home to several key players and facilities that drive the local market. In this article, we explore the major steel production facilities in Hong Kong, their capabilities, and their role in the region’s economy. 1. Overview of the Steel Market in Hong Kong Hong Kong’s steel industry is not characterized by large-scale primary steel... Steel Price #steelprice #steelprices #steel_news #steelmarket #LME #HKEX #Metal #stock #stocks #steel
What Are the Major Steel Production Facilities in Hong Kong? A Comprehensive Guide
steelprice.org
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This is good news. Transparency on premiums and volumes of steel products being traded with a “low emissions” stamp is crucial for steel companies and steel production chain to correctly assess the feasibility of investments in decarbonisation and energy transition. Or, at least, to better estimate the amount of external support (just to avoid using the s… word) needed to make these investments happen.
Fastmarkets is launching a green long steel differential to its weekly price assessment for steel reinforcing bar (rebar) import, cfr Singapore, as well as a weekly inferred green steel base price for rebar cfr Singapore. The launch is targeted at the green long steel markets in Asia, where steelmakers achieving 0-600 kg of carbon dioxide per tonne of steel have started offering premiums for clean, green steel, especially for the construction industry. The new prices will also complement Fastmarkets’ differentials and base prices for flat steel in Europe, Asia and the United States. Paul Lim Andrew W. Dan Hilliard Terence Cheah Janie Davies Alice Li Norman Fong Suresh Nair Zihuan Pan Przemek 🔋 Koralewski Molly Wardman @ https://lnkd.in/er7bizqm
Launch of Asia green long steel prices - Fastmarkets
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Top Steel Manufacturers in Hong Kong: Key Players Shaping the Industry https://lnkd.in/dKzxs6TU Hong Kong’s steel industry may not be as large as those of other Asian countries, but it plays a crucial role in supporting the city’s construction, infrastructure, and manufacturing sectors. As the city continues to expand, steel manufacturers are vital in meeting the rising demand for high-quality steel products. In this article, we’ll explore the leading steel manufacturers in Hong Kong, their specialties, and how they are contributing to the city’s growth. 1. Shiu Wing Steel Limited Overview: Shiu Wing Steel is Hong Kong’s only local steel rolling mill, making it a key player in the region’s steel industry. Established... Steel Price #steelprice #steelprices #steel_news #steelmarket #LME #HKEX #Metal #stock #stocks #steel
Top Steel Manufacturers in Hong Kong: Key Players Shaping the Industry
steelprice.org
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Steel Insights: Discovering the Leading Product Categories in Hong Kong https://lnkd.in/dFaH8QCS Hong Kong’s steel market plays a crucial role in supporting the region’s construction, manufacturing, and infrastructure sectors. Understanding the leading steel product categories is essential for stakeholders seeking to navigate this dynamic market effectively. This article explores the primary steel product categories in Hong Kong, highlighting their applications and significance. 1. Structural Steel Overview: Structural steel is a fundamental component used in construction and engineering projects. It provides the necessary strength and support for buildings, bridges, and other structures. Common Products: Common forms include beams, columns, and angles, which are essential for creating frameworks in high-rise buildings and infrastructure projects.... Steel Price #steelprice #steelprices #steel_news #steelmarket #LME #HKEX #Metal #stock #stocks #steel
Steel Insights: Discovering the Leading Product Categories in Hong Kong
steelprice.org
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Good to see more domestic protectionist measures in the Canadian steel industry. The latest warning comes from steel fabricators, who shape the metal into construction-ready products. They say that they’re struggling to compete for contracts to supply the projects, because overseas rivals – especially from China – offer much lower prices because of looser labour, environmental and other standards. #construction #steel #buildings #building #metal #imports #china Zekelman Industries Canadian Construction Association - Association canadienne de la construction Canadian Institute of Steel Construction (CISC) Canadian Sheet Steel Building Institute Metal Building Manufacturers Association (MBMA) ICBA | Independent Contractors and Businesses Association British Columbia Construction Association (BCCA) Alberta Construction Association Saskatchewan Construction Association Manitoba Heavy Construction Association
Canadian steel suppliers push for more protectionist approach to EV battery strategy
theglobeandmail.com
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Have you seen the front page of today's Herald Sun? Victorian manufacturers say they will have to cut jobs after being betrayed by “duplicitous politicians” who are allowing steel for a mega project to be shipped from China. Local steel fabricators say they were promised a lucrative pipeline worth hundreds of millions of dollars from the Big Build, only to see some orders disappear overseas. The state’s most expensive road project, the $26bn North East Link, recently sourced 11,000 tonnes of steel – part of an $80 million package – for bridge structures at road interchanges from China. Weld Australia chief executive Geoff Crittenden IWE FIEAust CPEng FIML CMgr CEng MAICD said that cost-cutting was to blame due to blown budgets. He said the Chinese company lined up for the bridge girders in Bulleen had been banned from the US, and that local manufacturers were “at breaking point”. “Our local industry is being held to ransom by duplicitous politicians,” he said. “If the Chinese turned the tap off on steel like they have with wine and lobsters, then we would be in serious trouble." https://bit.ly/48iFdPX #Manufacturing #SteelFabrication #LocalJobsFirst #AustralianIndustry #AustralianManufacturing #AussieSteel #WeldAustralia
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Engineering Innovator | RPEQ CPEng (Aus & NZ), BEng, MEng, MBA | Chartered Design Engineer: Machine Design, Plant Design, Automation, Maintenance Problem Solving.
3wOf course the market will pick up again, it is one big wheel, right? A downturn is the ideal time for a cashed up business to expand!