Fitch Ratings downgraded Australian steel manufacturer InfraBuild’s Long-Term Issuer Default Rating to ‘CC’ from ‘CCC-‘ on Monday, citing an elevated probability of default on its USD $550 million notes within the next three months. The ratings agency pointed to InfraBuild’s failure to publish audited financial statements for FY24, which were initially due in October 2024…
Many Australian manufacturers are wary of artificial intelligence (AI) systems, thinking they have little to offer, or are not yet ready for deployment. Here Lisa Balk looks at how AI can support manufacturers reach net zero. The global manufacturing sector stands at a critical crossroads. On one hand, it is an economic powerhouse that fuels…
The Electrolux Group’s Adelaide factory has been recognised in the South Australian Climate Leaders Awards for their continued commitment to climate change. The Adelaide factory which manufactures kitchen ovens was adjudged the winner of the Large Enterprise category. Electrolux is the only large whitegoods company still manufacturing in Australia, employing approximately 450 local workers. The…
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…
Steelmaker GFG Alliance’s Sanjeev Gupta has told staff that the company which operates the Whyalla steelworks was ‘very confident’ faulty furnace at the site would be restored ‘imminently’. However this could be as late as next month according to local trade unions. Gupta said via video: “The last couple of months have probably been amongst…
The Whyalla steelworks blast furnace is idle and workers have accepted a temporary loss of pay following an incident during a routine shutdown operation. Owner GFG Alliance has confirmed that the blast furnace – Australia’s only source of steel rails and structural steel, had been closed since March due to an uncontrolled iron breakout which…
Green Steel of WA has taken to social media to commit to completing what it hopes will be Australia’s first hydrogen based steel plant by 2028. The company has been quietly developing two projects – an electric arc furnace to recycle scrap and the state’s first green hydrogen direct-reduced iron (DRI) plant with a total…
