Jaaims

28/04/2025

Last week's Major Market Moves

21/02/2025

Performance Review: A clear look at how data-driven insights and disciplined strategies shaped our client's outcomes

20/02/2025

Whyalla Steelworks forced into administration, what happens next?

Australia’s steelworks industry has been plagued in recent times, particularly Whyalla. In 2024, they suffered a four-month hiatus after a furnace shutdown. At the same time, it was reported that GFG was behind on payments and accumulating eye-watering debts. On 19 February 2025, the South Australian government placed Whyalla Steelworks into administration to safeguard its future and the nation’s steel production capabilities. A crucial part of Australia’s industrial sector, this could see Australia’s domestic steel production severely impacted. The Albanese government has already announced a contingency “rescue” plan, so what happens next?

Whyalla produces 75% of Australia’s structural steel, which is vital for infrastructure projects like railways, bridges, and wind turbines. Its potential closure threatens to disrupt national supply chains, increase reliance on imported steel, and raise costs for key projects. The collapse places around 4,000 direct and indirect jobs at risk, impacting local businesses as well as the broader economy.

The Albanese government, in partnership with the South Australian government, has responded with a $2.4 billion rescue package. This includes $100 million for creditor assistance and infrastructure upgrades, $384 million to maintain operations during administration, and $1.9 billion earmarked for future upgrades and new infrastructure. A significant portion of this investment is intended to stabilise operations, protect jobs, and maintain domestic steel production while setting the stage for transitioning to green steel manufacturing.

However, the plan’s success depends on attracting a buyer with the resources and vision to modernise Whyalla and drive its transition to green steel. This would help secure domestic steel production while positioning Australia as a leader in sustainable manufacturing. If no deal is reached, Australia risks losing 75% of its domestic steel production, leading to increased reliance on imports, higher infrastructure costs, and weakened manufacturing capabilities. The future of Whyalla will play a decisive role in shaping Australia’s industrial landscape and economic resilience.

17/02/2025

Last Week's Major Market Moves

11/02/2025

Fiscal policies are evolving—what does this mean for market dynamics?

With discussions around capital gains tax adjustments, foreign investment policies, and sectoral shifts, staying informed is more important than ever.

10/02/2025

Last week's Major Market Moves

30/01/2025

The market moves fast—how do you decide when to enter and exit trades?

Jaaims has built a strategy that takes the guesswork out of investing, using AI to analyse thousands of data points in seconds. But what does that actually mean?
We break it down so you don’t have to. Here’s what you need to know.

Are you already using AI in your investment strategy, or still on the fence? Let’s discuss below.

28/01/2025

Week recap: Major Market Moves you should know

21/01/2025

We’re Hiring: Senior Business Development Manager

Join Jaaims, Australia’s first AI-driven investing platform, and play a key role in managing leads, onboarding clients, and driving growth.

Are you experienced in financial services and a proven track record in business development?

Apply today:
https://www.seek.com.au/job/81490113?ref=cm-ui

20/09/2024