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.

BlueScope has announced that the Port Kembla Steelworks (PKSW) in the Illawarra, New South Wales, Australia has been awarded ResponsibleSteel™ site certification.

BlueScope today reported 1H FY2022 net profit after tax (NPAT) of $1.64 billion, a $1.31 billion increase over 1H FY2021.

Confirming the record financial result, Managing Director and CEO, Mark Vassella said, “Underlying EBIT for the half year was $2.20 billion, clearly the best half-year performance BlueScope has produced in its 20-year history as a listed company.