By Rhiannon Hoyle
BlueScope Metal Ltd. is prone to focus its future enlargement in North America extra on value-added metal merchandise than including to its steel-making capability, its chief government stated in an interview.
The Australia-based metal firm is nearing completion of a challenge so as to add about 850,000 metric tons a 12 months of capability to its North Star mini-mill in Delta, Ohio, the place current capability is roughly 2.1 million tons, and will increase output there additional with a so-called debottlenecking challenge later.
Nonetheless, Chief Government Mark Vassella sees extra worth for BlueScope constructing out its portfolio downstream than attempting to rival North America’s high metal producers.
“We have nonetheless received room to increase” metal output at North Star, however “you will not see us essentially pushing into that area,” Mr. Vassella informed The Wall Avenue Journal on Monday. “Midstream and downstream, we expect there’s actually good alternatives for us to deliver a number of the abilities that we’ve in different elements of the portfolio,” he stated.
BlueScope has already began engineering and different research on one potential new portray and coating metal merchandise plant within the east of the U.S. Mr. Vassella stated no choices have been made but on that doable funding.
However BlueScope is eager to extend its presence within the U.S., with Mr. Vassella citing a robust demand outlook.
“There is a large quantity of infrastructure that must be constructed on this nation,” stated Mr. Vassella, talking by telephone from Kansas Metropolis. “So sure, extra to do. We’re enthusiastic about North America.”
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