The Australian Government has decided to invest $750 million in advancing new technologies in the metals manufacturing sector to maintain their position in the global competition. The funding is considered a part of the larger picture behind the $1.7 billion future made in Australia Innovation Fund, introduced in the 2024/2025 Budget, according to the government. […]
Commodities tycoon Sanjeev Gupta’s GFG Alliance said in a statement on Monday that it remained the largest creditor in Australia’s Whyalla Steelworks at A$536 million ($333.23 million). South Australia’s state premier put Whyalla into administration for unpaid bills on February 19 and said he wants to help develop lower carbon steel production in the state. GFG said […]
In a move that has shaken global trade, U.S. President Donald Trump has signed an executive order reinstating a 25% tariff on steel imports. Effective March 12, 2025, the tariffs will apply to all countries without exemptions, reversing the previous exclusions granted under the 2018 measures. Based on recommendations from U.S. Secretary of Commerce Howard […]
Australia’s ambitious plans to become a global leader in green hydrogen production are facing significant challenges [1] as the country approaches its upcoming elections. According to project ratings agency HySights Pte Ltd, the outlook for Australia’s green hydrogen sector has soured, with the ratings of six key projects dropping an average of two bands since […]
Prime Minister Anthony Albanese announced on Thursday that a struggling Australian metals plant will be repurposed into a production hub for “green iron and steel” as part of a government-backed billion-dollar rescue package. The initiative aims to revitalize the facility while advancing Australia’s push toward sustainable industrial practices. The company has been known to be […]
The World Steel Association says that the global crude steel production in 2024 declined by about 1% year-on-year. With the data released, organizations now want to determine where steel prices might go for the rest of 2025. On January 24, the Brussels-based association reported that total volumes for the year exceeded 1.88 billion metric tons, […]
Fortescue, the world’s fourth-largest supplier of iron ore, has announced a partnership with a subsidiary of China Baowu Steel Group, the world’s largest steel producer, to address the challenges of decarbonizing the global steel industry. The collaboration was formalized earlier this week through a memorandum of understanding, as confirmed by Fortescue on its official WeChat […]
The Whyalla Steelworks has cast its first steel following a four-month shutdown caused by operational challenges and extensive repairs. This marks a significant step forward in efforts by the management team and workforce to revive the plant. Theuns Victor, GFG Alliance’s Global Chief Manufacturing Officer and head of the Whyalla ‘Back to Black’ taskforce, described […]
The inhabitants of the largest state of Australia is at present encountering an eccentric affair when demanded to opt between the usage of dishwasher or to suffer blackouts as the Australian Government is indicted of stressing Australian citizens of the renewable energy transition. During a severe torrid day, regions of New South Wales has to […]
GreenIron announced the signing of a Memorandum of Understanding (MOU) with Tellus, an Australian company specializing in advanced end-to-end solutions for managing hazardous materials. The partnership marks GreenIron’s first formal recycling agreement and represents a significant step forward in the company’s journey towards a sustainable and circular economy. Through this collaboration, GreenIron will employ its […]
A think tank reported on Friday that top global iron ore exporter Australia could lose as much as half its revenue from the sector if it fails to start producing green iron fast enough, as other countries start making steel using renewable energy. Iron ore is Australia’s biggest export earner, but so far, progress has […]
Australia to risk its position in the global market for iron ore, if they do not shift to producing green iron said Fortescue CEO Dino Otranto on Tuesday as per reports on Reuters. Australia, the largest supplier of seaborne iron ore and responsible for about half of the global supply, produces Pilbara grades from the […]
Danieli, a global steelmaking technology leader, has partnered with Greensteel Australia to launch the world’s first 100% hydrogen-powered rolling mill. Australia– The green steel facility to be built in New South Wales, Australia, will establish a global standard for zero-emissions steel production. This decision is considered to be a major player in sustainable steel production. […]
South Australia– Lincoln Minerals is making a bold move in South Australia’s push for a green steel industry, unveiling plans to develop its vast Green Iron magnetite project on the Eyre Peninsula. The project, boasting an impressive 1.1 billion tonnes of magnetite, positions the company as a key player in the state’s ambition to produce low-carbon steel […]
Australia and China have agreed to collaborate in areas like investment, trade, and decarbonisation as per the reports by Australian Treasurer Jim Chalmers during his visit to Beijing. Beijing, China — The Australian Treasurer, Jim Chalmers’ trip to China, the first of its kind in the last seven years, signifies improvements in the relations between China and […]
