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Episodes
Thursday Oct 10, 2024
Thursday Oct 10, 2024
In this episode of The NBR Podcast with Simon Shepherd: NZ Steel chief executive Robin Davies talks about accusations of ‘corporate welfare’ over the $140 million dollar subsidy for the company’s new electric arc furnace. He reveals why the project could remove 200,000 more tonnes of greenhouse gas emissions than first predicted and describes the steel market as similar to the days of the GFC.
Timestamps below:
(01:55) - I want to understand why is the electric arc furnace such a big deal?
(05:40) - To help fund this project, NZ Steel will receive $140 million from the government. Is that correct?
(8:48) - So the current government has scrapped the giddy fund, as you know, and the ACT Party at the time called it corporate welfare. Do you have an opinion on that?
(19:05) - What does future demand look like?
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Links to audio clips used here.
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