BlueScope Steel

Rank#2062

Market Cap10.11B

CountryAustralia

Summary

BlueScope Steel Limited produces and sells metal coated and painted steel building products in Australia, New Zealand, Asia, North America, and internationally. The company operates through five segments: Australian Steel Products, North Star BlueScope Steel, Building Products Asia & North America, Buildings and Coated Products North America, and New Zealand & Pacific Islands. It offers steel slabs, plates, hot and cold rolled coils, coated and painted strip products, roof and wall claddings, and purlins and house framings under the LYSAGHT steel building products, COLORBOND steel, COLORSTEEL, ZINCALUME steel, GALVABOND steel, GALVASPAN steel, BlueScope Zacs, and SuperDyma brands. The company also provides engineered building solutions to industrial and commercial markets under the Butler, Varco Pruden, EcoBuild, and PROBUILD brands. It serves customers in the residential and non-residential building, construction, manufacturing, automotive and transport, agricultural, and mining industries directly, as well as through a network of service centers and steel distribution businesses. The company was formerly known as BHP Steel Limited and changed its name to BlueScope Steel Limited in November 2003. BlueScope Steel Limited was founded in 1885 and is headquartered in Melbourne, Australia.

History

BlueScope was formed when BHP Billiton spun-off its steel assets on 15 July 2002 as BHP Steel. It was renamed BlueScope on 17 November 2003.Early in 2004, BlueScope merged with the American firm Butler Manufacturing. Such a merger was considered a strategic move for both companies as they were similar in character and non-overlapping in the markets they operated in, such that acquisition of Butler, based in Kansas City, Missouri, would provide BlueScope with access to United States and Chinese markets. Butler was founded in 1901, operated in sixteen countries and focused on non-residential building and building component construction. At the time of the merger, Butler had a dozen production facilities across the United States, China and Mexico.In 2007, the company acquired four companies consisting of most of the United States holdings of the Argentinian firm Ternium, those being Steelscape, ASC Profiles, Varco Pruden Buildings; and Metl-Span, which was acquired by NCI Building Systems in 2012. The four companies had been held by the Mexican Grupo IMSA prior to their purchase by Ternium. Steelscape originated in 1996 as BHP Coated Steel and was originally owned by BlueScope.In March 2012 a new coated steel manufacturing plant was inaugurated in Jamshedpur, India.In February 2014, BlueScope purchased Orrcon Steel from Hills. Its products included RHS, SHS and CHS structural tubular steel, hot-rolled structural steel and fencing, roofing and building accessories.

Because of lower energy prices in the United States than in Australia, BlueScope in 2019 decided to expand its investment in America by $1 billion.

Mission

BlueScope is a global leader in premium branded coated and painted steel products

Vision

Build on the strong value proposition we offer customers across the Pacific Rim from Asia, Australia

References

https://en.wikipedia.org/wiki/BlueScope

https://in.investing.com/equities/bluescope-steel-limited

https://finance.yahoo.com/quote/BSL.AX/profile?p=BSL.AX

https://www.comparably.com/companies/north-star-bluescope-steel/mission

https://www.crunchbase.com/organization/bluescope-steel

https://companiesmarketcap.com/