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12 March 2025
BlueScope notes the tariff news overnight from the White House.
BlueScope has been investing in the US for over 30 years and has approximately $5bn invested across 16 States in North America. The company employs more than 4000 American steelworkers.
BlueScope produces more than 3 million tonnes of steel per annum at its NorthStar BlueScope plant in Delta, Ohio. As the US tariffs come into effect the Company expects to see the positive impact from an improvement in steel prices. The tariffs will affect approximately 300ktpa of BlueScope's Australian exports to the US.
A tariff exemption was negotiated during President Trump's first term. We are disappointed not to have received similar exemption status, for now.
We are working closely with the Australian trade and diplomatic staff in Canberra and in Washington DC, and with a wide range of senior representatives in Congress to ensure the BlueScope investment proposition is fully understood.
06 March 2025
17 February 2025
19 November 2024
29 October 2024