BlueScope today released its half year financial results for the six months ended 31 December 2022.

BlueScope Managing Director and CEO Mark Vassella today announced changes to the Company’s Executive Leadership Team (ELT) to further deliver on its ‘Transform, Grow, Deliver’ strategy. These changes will be effective 1 February 2023.

Tata BlueScope Steel, working in collaboration with a local Lions club, has helped give water to the Ambeshet village of Junnar taluka, around 200 km from the Company’s site at Pune, through its support of the construction of a water reservoir.  

Half a century of operations was celebrated on 3 November 2022 at the home of BlueScope’s Victorian COLORBOND® steel manufacturing site at Hastings. 

BlueScope is today hosting an ESG-focused Investor Briefing Day, featuring presentations from BlueScope executives and members of our Climate Change & Sustainability teams.  The briefing follows the release of our Sustainability Reporting suite.

BlueScope’s FY2022 Sustainability Report, released today, is our latest update on progress towards our five sustainability outcomes. 

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.