Investor News

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BlueScope to acquire Coil Coatings business to establish significant painting footprint in Eastern US

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 1H FY2022 financial results

On 21 February 2022, BlueScope Steel Limited released its half year financial results for the six months ended 31 December 2021.

BlueScope acquires ferrous recycling business from MetalX

BlueScope advises that the acquisition of the ferrous scrap steel recycling business of MetalX LLC completed on Friday, 17 December 2021 USA time. The transaction was completed on terms entered into and announced on 5 November 2021. The newly acquired business will operate under the name BlueScope Recycling and Materials.

BlueScope 2021 AGM trading update

At its Annual General Meeting today, BlueScope confirmed its previous guidance provided in October that 1H FY2022 underlying earnings before interest and tax (EBIT) will be in the range of $2.1 billion to $2.3 billion, subject to spread, FX and market conditions.

BlueScope board changes

BlueScope Chairman, Mr John Bevan, today announced the appointment of two new internationally based independent Non-executive directors, Ms K’Lynne Johnson and Mr Zhi-Qiang Zhang, with effect from 1 January 2022.  

BlueScope business update

BlueScope today announced it now expects underlying earnings before interest and tax (EBIT) for 1H FY2022 to be in the range of $2.1 billion to $2.3 billion. This is above the prior guidance range of $1.8 billion to $2.0 billion, and is subject to spread, FX and market conditions.

Day 2 BlueScope investor briefing

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