OneSteel Limited, along with its subsidiaries, is principally engaged in the mining and supply of steel making raw materials to steel mills operated in Australia and overseas. It is also engaged in recycling of ferrous and non-ferrous scrap metal, and the manufacture and distribution of steel long products. The Company manufactures and distributes a range of products, including structural, rail, rod, bar, wire and pipe and tube products. In addition, OneSteel distributes sheet and coil, piping systems, plate and aluminium products. OneSteel owns 50.3% of the ordinary shares of Steel & Tube Holdings Limited, a New Zealand steel distribution company. On August 20, 2007, the Company acquired Smorgon Steel Group Limited, an Australia-based steel recycling and manufacturing business. Smorgon Steel’s fully integrated activities extended from collecting and processing steel scrap to steel making, steel tube manufacturing and processing a range of metal products.
(Source: ARS)
