GFG Alliance-owned steel recycler InfraBuild has won the Innovation of the Year award at the annual Steelie Awards, hosted by the World Steel Association (worldsteel.) Tracey Sen (pictured left), Executive General Manager of Communications, represented the company at the event in Washington, DC and which was hosted by the industry group representing 85 per cent…
Guidelines are now available for the National Development Stream of the Green Iron Investment Fund, which represents half of available funding through the $1 billion Green Iron Investment Fund announced shortly after the collapse of the Whyalla Steelworks in February. The release gives those hoping to access the $500 million National Development Stream of the…
BlueScope Steel has secured a pivotal advantage in the sale of Whyalla Steelworks, gaining a “right-of-last-offer” provision that gives it the opportunity to beat any final offers to acquire the facility, as The Australian Financial Review reports. The administrators have granted the ASX-listed company the ability to form a consortium with other interested parties and…
The billionaire Stokes family has made an early move on the troubled Whyalla steelworks, with SGH Limited executives conducting a site visit ahead of the formal sale process. SGH chief executive Ryan Stokes and chief financial officer Richard Richards spent two days in the remote South Australian town recently, getting a head start before sell-side…
Greensteel Australia has signed a $1.6 billion order for a “next-generation” steel mill to be built in Italy as it advances its plan to take over the troubled Whyalla steelworks. The Sydney-based company finalised the deal with Italian firm Danieli at a contract signing in Adelaide on Sunday. The agreement includes a new plant, two…
The Whyalla steelworks’ blast furnace will shut down for 36 hours starting Wednesday to allow for “urgent” maintenance work, as administrators warn the plant faces “severe challenges” and is in a “state of disrepair.” Energy and Mining Minister Tom Koutsantonis told ABC Radio Adelaide on Tuesday that the shutdown will enable repairs to the refractory…
Australian steel and aluminium manufacturers faced a significant setback on Tuesday as the White House confirmed there would be no exemption from the 25 per cent tariffs imposed by US President Donald Trump. “He considered it and considered against it. There will be no exemptions,” White House press secretary Karoline Leavitt told Australian media in…
Producing iron using renewable hydrogen is Australia’s best pathway to remain competitive as the global steel industry decarbonises, according to research published by Deloitte and WWF-Australia on Wednesday. The report, titled Forging Futures: Changing the nature of iron and steel production, assessed different approaches for Australia to support steelmaking decarbonisation in the Asia-Pacific region, which…
Prime Minister Anthony Albanese announced a $500 million investment package for clean energy manufacturing jobs during a speech at the Whitlam dinner on Friday night. The funding, part of the Future Made in Australia Fund, aims to support communities built around steelmaking and aluminium processing industries, which Albanese described as “vital” to Australia’s economic and…
BlueScope reported a net profit after tax of $179.1 million for the first half of FY2025, representing a $260.2 million decrease from the same period last year, according to a statement released on Monday. The Australian steel manufacturer delivered an underlying EBIT of $308.8 million, with Managing Director and CEO Mark Vassella describing it as…