Latest Steel Industry News

Calix Limited has secured a pivotal $35 million joint development agreement with Rio Tinto to advance its Zesty Green Iron Demonstration Plant in Western Australia, backed by a substantial ARENA grant. This collaboration aims to pioneer low-emission steel production using innovative hydrogen and electric heating technology.

Bisalloy Steel Group Limited has announced a fully franked special dividend of AUD 0.164 per ordinary share for the financial year ending June 2025, with key dates set for December.

BlueScope has appointed Tania Archibald as its new Managing Director and CEO, succeeding Mark Vassella who retires after eight years. Archibald’s extensive internal experience positions her to lead the company’s next strategic phase.

Black Canyon Limited reports robust September quarter progress at its Wandanya manganese and iron project, revealing extensive high-grade mineralisation and securing $10 million to accelerate development.

Element 25 has appointed Altris Engineering to lead the AU$64.8 million expansion of its Butcherbird manganese mine, a move that underpins its strategy to supply high-purity battery materials to the US electric vehicle market.

Magnetite Mines has successfully closed a fully subscribed $2.65 million rights issue, followed by a $1.214 million placement, positioning the company to advance its Razorback Iron Ore Project and explore broader mineral opportunities.

Cyclone Metals has launched a comprehensive Pre-Feasibility Study for its Iron Bear iron ore project in Canada, aiming to refine development plans and attract global steel market demand.

Stanmore Resources reports a challenging first half of 2025 with lower coal prices and significant wet weather impacting production and earnings, but maintains safety excellence and cost discipline while preparing for a second-half recovery and growth projects.

BlueScope Steel has extended its on-market share buy-back program to August 2026, leaving nearly $240 million still available for repurchases. The move signals ongoing capital management amid a substantial buy-back already executed.

BlueScope Steel’s FY2025 results reveal a dip in revenue and earnings amid challenging market conditions, yet the company maintains robust cash flow and advances its sustainability agenda.

Bluescope Steel Limited has announced a final dividend of 30 cents per share, 50% franked, payable in October 2025. This dividend reflects the company’s steady financial position for the year ending June 2025.

MC Mining has officially begun open pit mining at its flagship Makhado hard coking coal project in South Africa, advancing steadily towards full production by year-end 2025.