Ex Smorgon Steelmark metals here - structural beams and flat plate products.
I started after Smorgon Steel acquired Eagle and Globe and Union Steel. It was a disaster. Low morale, growing pains from getting too big too soon, trying to implement SAP as well.
Execs inside the company were torpedoing it to eventually sell it off cheap to other interests. Wasn't surprised when it folded a few years later.
BHP steel was beautiful. Straight as an arrow, defect free, came slightly larger so you could cut the ends off square etc. Always had test certs.
Chinese steel was just junk. Never square, always rusty, it just looked cheap. If an engineer asked for test certificates we had the same 4 certs re-used over and over.
Surprised a few buildings around Melbourne haven't fallen down by now to be honest.
Too many overheads in trying to setup a steel plant nowadays in Australia. Doesn't fit in with our industries of making smashed av on toast and shitty reality tv shows.
- Forums
- ASX - By Stock
- FMG
- ANDREW SHOULD AUSTRALIA BE A SUPER STEEL PRODUCER?
ANDREW SHOULD AUSTRALIA BE A SUPER STEEL PRODUCER?, page-49
- There are more pages in this discussion • 19 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add FMG (ASX) to my watchlist
(20min delay)
|
|||||
Last
$26.32 |
Change
0.660(2.57%) |
Mkt cap ! $81.03B |
Open | High | Low | Value | Volume |
$25.92 | $26.32 | $25.83 | $102.7M | 3.931M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 5850 | $26.22 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$26.32 | 12010 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 5850 | 26.220 |
1 | 1000 | 26.190 |
1 | 490 | 26.150 |
2 | 10729 | 26.140 |
1 | 30059 | 26.120 |
Price($) | Vol. | No. |
---|---|---|
26.320 | 12010 | 3 |
26.330 | 1400 | 2 |
26.340 | 1000 | 1 |
26.350 | 11319 | 3 |
26.360 | 10000 | 1 |
Last trade - 16.10pm 06/05/2024 (20 minute delay) ? |
|
|||||
Last
$26.19 |
  |
Change
0.660 ( 1.76 %) |
|||
Open | High | Low | Volume | ||
$25.92 | $26.29 | $25.84 | 1287651 | ||
Last updated 15.59pm 06/05/2024 ? |
Featured News
FMG (ASX) Chart |
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
Previous Video
Next Video
SPONSORED BY The Market Online