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North Star BlueScope Exploring Expansion

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North Star BlueScope is considering an expansion of its operations. The company, headquartered in Australia, operates a steel production facility in Northwest Ohio.

BlueScope Managing Director and CEO Mark Vassella discussed the potential investments in North America during the company’s most recent conference call.

“Six months ago we announced the possible expansion of our successful North Star business. The investment case is well developed, with the volume range refined to an additional 800,000 to 900,000 metric tons per annum of steelmaking capacity.

The estimated cost of the project is in the range of $600 to $700 million.

“We believe the project has the potential to deliver compelling returns based on long-term historical spreads and are embarking on final feasibility review. We are commencing $50 million of detailed design and engineering and critical path items."
A final decision on the project is expected by year’s end.



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