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5/12/2018 — Other Minerals and Metals
BlueScope highlights ASEAN-Asian operations
By Ross Louthean

With its Australian steelmaking and marketing operations now well and truly back on the rails, BlueScope Steel Ltd (ASX: BSL) has conducted investor visits and presentations for its ASEAN and Asian operations.

The ASEAN operations take in New Zealand Steel and the North Star steel operations in the US.

BlueScope said North Star has annual revenue of $A1.924 billion and an EBITDA of $A486 million and New Zealand and Pacific Steel revenue of $A834 M and an EBITDA of $A156 M.

BlueScope has been undertaking technical collaborations on over 65 projects since 1970 with Nippon Steel and Sumitomo Metal of Japan.

The company said more than half the population in Asia live in large cities where the population is growing rapidly.

The company showed it has a large footprint in Indonesia, Malaysia, Brunei, Singapore and Vietnam and it was increasing its marketing presence as it broadened market appeal.

Looking at the first half of FY2019, BlueScope said its North America, China and Vietnam businesses continue to perform with robust demand and margins.

However, it was seeing a tightening of margins and softness in the projects segments in ASEAN, particularly in Thailand, Indonesia and to a lesser extent in Malaysia.

In the specific presentation on BlueScope Vietnam, the company said operations there were established in 1993 and it now contains the newest coating facility in ASEAN.

There has been a significant and progressive rises in GDP and on construction work in Vietnam.

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