.png?ext=.png)
28 May 2025
The Australian Steel Institute (ASI) says it's working with state and federal governments to support Australian steel fabricators and manufacturers who have been undercut by a surge in low-priced, imported fabricated steel. The action comes on the back of a 2024 survey by the ASI which revealed 86% of local fabricators and manufacturers have seen reduced profit margins as a result of imported fabricated steel being priced at 15 – 50% lower than the local offer. "The extent of the price undercutting is reflective of subsidies being offered by the country of origin and/or dumping of product brought on by a slowdown in the economy of the producing nation," Mark Cain, CEO of the ASI told Australian Steel News.
To read the full article, go to:
https://australiansteel.com/steel-market-summary-australia/