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.

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 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.”

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.

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. 

BlueScope has today announced that it has entered into a binding agreement to buy the ferrous scrap steel recycling business of MetalX LLC, the leading supplier of scrap feed to our Ohio-based mini-mill business, North Star BlueScope Steel.

BlueScope has today released its FY2021 Annual Report to shareholders.  

Today is the second day of BlueScope's investor briefing following the release of its Climate Action Report and Sustainability Reporting suite.