OneSteel
 |
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| Public company | |
| Traded as | ASX: ARI |
| Industry | Mining, Mining Consumables, Manufacturing, Recycling, and Distribution |
| Founded | Spun off on 23 October 2000 as OneSteel Ltd from BHP Billiton. The company then changed its name on 2 July 2012 to Arrium Limited. |
| Headquarters | Suncorp Place, Sydney, Australia |
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Number of locations
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New Zealand, Indonesia, Chile, Mexico, USA, Canada, Peru |
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Key people
|
Jerry Maycock (Chairman, Non Exec. Director) |
| Products | iron ore, steel products |
| Revenue |
 A$6.085 billion (2015) |
|
(A$-1.9 billion) (2015) |
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|
Number of employees
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~10,000 |
| Website | www |
Arrium is an ASX listed international mining and materials company. The company employs nearly 10,000 workers. In April 2016 the company collapsed into voluntary administration with debts of more than $2 billion.
The company was spun out from BHP Billiton in 2000 as OneSteel when it was almost entirely a domestically focused steel manufacturer and distributor. The Whyalla steelworks, harbour and associated iron ore mining operations along the Middleback Range in South Australia were among its principal assets. The company subsequently focused on growing its resource based businesses and now has significant mining and mining consumables businesses, as well as its steel and recycling business.
In June 2006, an agreement was announced under which OneSteel would buy out scrap metal company Smorgon Steel for $USD 1.2 billion. However, concerns by the Australian competition regulator, the Australian Competition and Consumer Commission (ACCC) resulted in significant delays in this process, as did concerns from Australian construction industry trade unions regarding possible job losses from the merger of the two operations. The merger was completed in August 2007.
On 15 February 2008 it was announced that one of the bar mills in the Hunter Valley, and the mill in Melbourne, would be closed.
On 15 November 2010 OneSteel agreed to acquire two companies, Chile-based forged steel grinding balls producer Moly-Cop, and Canada-based AltaSteel, a producer of ball stock for forged grinding balls, for a total of $932 million.
On 22 December 2011 OneSteel sold its Piping Systems business, and associated property investments, to U.S.-based McJunkin Red Man Holding for a total of $100m.
On 6 October 2011 OneSteel completed the acquisition of WPG Resources' iron ore assets for an estimated A$320 million.
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Wikipedia