Steel industry positive over new mining code of conduct

THE Queensland steel industry praised a new mining sector code of conduct that encouraged resource firms which bought locally.

The Queensland Resources Council introduced a code of practice for local content, in an effort to bolster the fortunes of regional suppliers.

Such a code was backed by the Queensland Steel Construction and Fabrication Industry Alliance whose members stand to benefit from the increased demand for materials.

The steel industry was concerned supplies were being imported at a discount price.

It estimated just 10% of the steel supply for major mining projects was delivered by local industry.

Alliance spokesman John Gardner said he hoped for a change, but would listen to the industry.

"Our members will provide us with feedback as to whether they are seeing more orders come through their door. That is the ultimate test of success," he said.