- OneSteel
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OneSteel Limited 
Type Public (ASX: OST) Industry Mining, Manufacturing, Metals Distribution Founded 2000 following separation from parent company BHP Headquarters Sydney, Australia (main headquarters); operations in Australia and New Zealand Key people Peter Smedley (Chairman, Non Exec. Director)
Geoffrey Plummer (Executive Director, Managing Director, CEO)Products iron ore, steel products Revenue 
A$7.3 billion (Y.E. 30 June 2009)Net income A$229.5 millionEmployees 11,000 Website onesteel.com OneSteel is an Australian-based mining, ore processing and steel manufacturing company specialising in steel-long products for the construction, mining, transport and agricultural industries. The company is a former subsidiary of BHP and was separated from the parent company as part of its corporate restructure in October 2000;[1] the parent went on to merge with Billiton to form the company BHP Billiton, the world's largest mining company. Onesteel comprises 0.23% of the S&P/ASX 200 index.
OneSteel has 11,000 employees, over 300 locations and 13 offshore facilities, 40,000 products and over 30,000 customers.
Contents
Major Divisions of Company
The company has four primary divisions:[2]
- Whyalla Steelworks - The main manufacturing division, producing raw steel at a rate of approximately 1.2 million tonnes per annum at an integrated steel mill. Primary uses for the product are rails, structural products and steel slabs. Ore is sourced from the OneSteel mines in the Middleback ranges.
- Market Mills - Also a manufacturing division, this division produces rod, bar, wire, pipe and tubular steel. Operations include EAF melting operations and billet casters at Sydney Steel Mill, Western Sydney and Laverton, Melbourne; a bar mill adjacent at the Sydney Steel Mill, and a rod and bar mill at the Laverton Steel Mill; a rod and wire mill in Newcastle; and other wire and tube mills located around south-eastern Australia. The Sydney and Laverton meltshops have a combined output of 1.3 million tonnes per annum. A specialty steel mill, with anoutput of 250,000 tonnes per annum, is also located in Newcastle; this division operates an electric arc furnace and produces railway wheels and tyres, grinding media and forgings. A bar mill was also located in Newcastle until 2008, when it was closed.
- Domestic Distribution - Distribution of products within the Australian market, including 90 Metaland franchises, retail outlets for consumers in regional Australia. It also includes numerous sites for distribution of products created at the Whyalla Steelworks and the Market Mills. The Distribution businesses include OneSteel Steel & Tube, OneSteel Sheet, Coil & Aluminium, OneSteel Piping Systems, OneSteel Building Systems, OneSteel Oil & Gas.
- International Distribution - Based in New Zealand, via the company's majority holding in the New Zealand company Steel & Tube Holdings Limited. Production and sales include rolled plate, light gauge steel, reinforcement and roofing products. In April 2003, Through Steel & Tubes Holdings Ltd.'s acquired the assets of another New Zealand company, Hurrican Wire Products, expanding operations to include the sale and production of other wire products from facilities in Auckland and Christchurch, New Zealand.
Recent events
In June 2006, an agreement was announced where OneSteel would be buying out scrap metal company Smorgon Steel for $USD 1.2 billion.[3] However, concerns by the Australian competition regulator, the Australian Competition and Consumer Commission (or ACCC) have resulted in significant delays in this process; as have concerns from Australian construction industry trade unions regarding possible job losses from the merger of the two operations.[4] This merger was completed in August 2007.[5]
On 15 February 2008 it was announced that one of the bar mills in the Hunter Valley and the mill in Melbourne would be closed.[5]
On 15 November 2010 OneSteel agreed to acquire two companies, Chile-based forged steel grinding balls producer Moly-Cop and Canada-based producer of ball stock for forged grinding balls AltaSteel for a total of $932 million.[6]
See also
References
- ^ OneSteel Ltd - Company Profile and Status
- ^ OST.AX: Profile for ONESTEEL FPO - Yahoo!7 Finance - Share Prices, Charts, News and more
- ^ FT.com / In depth - OneSteel buys Smorgon Steel for A$1.6bn
- ^ Union concerned over OneSteel, Smorgon merger. 23 August 2006. ABC News Online
- ^ a b OneSteel lays of 270 workers, unions howl. 15 February 2008. LiveNews.com.au
- ^ "Australian OneSteel acquires Chile, Canada producers for $932 mil". added acquisition. Platts. http://www.platts.com/RSSFeedDetailedNews/RSSFeed/Metals/7546779. Retrieved 16 November 2010.
External links
Categories:- Companies listed on the Australian Securities Exchange
- Steel companies of Australia
- Companies based in Sydney
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