26
Oct
10:05
BlueScope takes full control of US mini mill
Australia’s BlueScope will buy the remaining 50% of North Star Bluescope Steel in the US state of Ohio for $720 million. The 2 million tonnes/year hot rolled coil producer is reportedly profitable, unlike the company’s Australian steelmaking facilities, Kallanish notes.
“North Star is a high quality, structurally advantaged asset: it is centrally located within a large scrap pool, operates close to its core markets, has low conversion…
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Anonymous
Very good overview of the weekly steel market.
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