OneSteel

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OneSteel Limited

Type	Public ASX: OST)
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)
Industry	Mining, Manufacturing
Products	iron, steel products
Revenue	$4.030 billion AUD (Y.E. 30 June 2006)
Net income	$132.5 million AUD
Employees	7,527
Website	onesteel.com

OneSteel is an Australian-based mining, ore processing and steel manufacturing company specialising in long-steel products for the construction, housing and agricultural industries. The company is a former subsidiary of BHP Billiton 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.

1 Major Divisions of Company
2 Recent Events
3 References
4 External Links

[edit] 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 bar, wire, pipe and tubular steel. Operations include an EAF melting operation, billet caster and rod and bar mill at the Sydney Steel Mill, Western Sydney; a wire, rod and bar mill in Newcastle; and other wire, bar and tube mills located around south-eastern Australia.
Domestic Distribution - Distribution of products within the Australian market, including 50 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.
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.

[edit] Recent Events

In June 2006, an agreement was announced where OneSteel would be buying out scrap metal company Smorgan 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]