Primary steel producer BlueScope Steel today reported FY2024 net profit after tax (NPAT) of $805.7 million – a $203.5 million decrease on FY2023 – the result coming with a warning of challenges ahead. In a statement the Managing Director and CEO Mark Vassella said: “Underlying EBIT for the year was $1.34 billion, representing a solid…
By Peter Roberts Much of Australia’s modesty sized steel sector was born through the adversity of distance from established suppliers and the threat Japan posed to Australia during WW2. Since then there has been some development of electric arc furnaces utilising scrap as a feedstock, but otherwise Japan, then Korea and China have swamped Australian…
Modular relocatable carpark manufacturer PARKD has completed a prefabrication and assembly line for its modular car park systems which allow up to six parking levels to be fabricated offsite. The facility manufactures PARKD slab modules using Fielders Slimdek structural formwork and PARKD’s Metal Deck Support System. PARKD Managing Director Peter McUtchen said: “The establishment of…
By Peter Roberts Just as the domestic electricity grid is making quick progress towards decarbonisation, so too are industrial processes such as steelmaking. Australia’s two primary steelmakers have taken different courses in moving towards lower carbon iron and steels. The GFG Alliance at Whyalla is moving from reliance on blast furnace technology towards a combination…
By Ty Christopher, University of Wollongong and Michelle Voyer, University of Wollongong On the weekend, an area 20km off the Illawarra coast south of Sydney became Australia’s fourth offshore wind energy zone. It’s the most controversial zone to date, with consultation attracting a record 14,211 submissions – of which 65% were opposed. The zone’s declaration…
Modular relocatable carpark manufacturer, PARKD is bringing a new level of prefabrication to the construction of multi-level car parks. The company’s modular design allows car parks up to six levels to be fabricated offsite and assembled to increase parking at shopping centres, airports and commercial sites. The listed Western Australian company released its results for…
Low emission industrial technologies developer Calix has completed a front end engineering and design (FEED) study which found the company’s near zero emission ZESTY process was cost competitive with traditional high emissions iron making. Calix told investors that the study for a 30,000 tonne per annum Zero Emission Steel Technology (ZESTY) Hydrogen Direct Reduced Iron…
BlueScope Steel and iron ore producers BHP and Rio Tinto have entered a partnership that could see the construction of a low emission Electric Smelting Facility (ESF) pilot plant which could cut carbon emissions in the steelmaking process by 80 percent. The ESF is capable of producing iron suitable for the basic oxygen steelmaking (BOS)…
What were the five biggest stories of the week? Here’s what visitors to this site were reading. 5) Federal government to contribute $70 million for Townsville hydrogen hub The federal government has announced “up to $70 million” in funding to support development of the Townsville Region Hydrogen Hub in Queensland, with construction expected to be…
The Chief Executive Australian Steel Products, BlueScope Steel Tania Archibald (pictured) has confirmed BlueScope will invest $1.15 billion to reline and upgrade its idled No. 6 Blast Furnace at Port Kembla. However at a media conference with Climate Change and Energy minister Chris Bowen, Archibald said the company remained committed to achieving net zero by…