BlueScope today reported FY2022 net profit after tax (NPAT) of $2.81 billion, a 135 per cent, or $1.62 billion increase over FY2021.

Announcing the result, Managing Director and CEO, Mark Vassella said, “Underlying EBIT for the year was $3.79 billion, a record performance in BlueScope’s 20-year history as a listed company. This was an outstanding result, with tremendous performances across our business portfolio.”

A ceremony at North Star BlueScope Steel in Delta, Ohio, has marked the plant's US$700 million facility expansion.  The expansion has created more than 100 new jobs and will increase annual hot rolled coil production by 850,000 metric tonnes.

BlueScope is proud to be named a worldsteel Sustainability Champion for 2022, in recognition of our work during the last year and the way we demonstrate our commitment and action to sustainable development. 

BlueScope today announced that it has entered into a binding agreement to acquire the Coil Coatings business from Cornerstone Building Brands, Inc (NYSE:CNR) for US$500 million, subject to customary adjustments. Coil Coatings is the second largest metal painter in the US, with a total capacity of around 900,000 tonnes per annum across seven facilities, predominantly serving commercial and industrial construction applications.

Today BlueScope has reaffirmed its commitment to local manufacturing with the formal opening of a Customer Service Centre at the Company’s Western Port Works in Hastings, Victoria. 

BlueScope and its partners are delighted to have received a Modern Manufacturing Initiative (MMI) grant from the Federal Government.

Today BlueScope people across our business join in recognising International Women’s Day. 

We have all seen the massive destruction and upheaval caused by the devastating floods in Queensland and New South Wales over the last couple of weeks.  Our thoughts are with all those – including BlueScope employees – who have been hit by this disaster.

BlueScope is delighted to be a signatory to worldsteel’s Sustainability Charter 2022-2024. 

BlueScope welcomes the announcement by the NSW Government of its $250 million Renewable Manufacturing Fund and its commitment to create opportunities for local industry in this and other sectors.