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The Latest Breaking News from Bluescope Steel

Steelmaker's new CEO moves to cut costs on first day

In her first days as BlueScope Steel's new chief executive, Tania Archibald has pledged to streamline "leadership and functional teams" to save $150 million.

AAP

Bluescope Steel entices shareholders with $438m payday

Australia's biggest steelmaker will pay investors a special dividend of $1 per share after rejecting a takeover overture from Kerry Stokes and a US partner.

AAP

BlueScope shares steady after $13b deal's rejection

BlueScope Steel shares fell 1.6 per cent, holding onto most of their gains from this week, a sign that investors think the takeover saga isn't over yet.

AAP

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Australian shares edge higher as miners take a breather

Strength in Australia's IT, retail and health care sectors has pushed the local bourse higher, helping it claw back some of the week's losses.

AAP

PM says government has been working on inquiry logistics ‘for weeks’ – as it happened

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The Guardian - AU

BlueScope rejects 'opportunistic' $13.2b takeover bid

Australia's biggest steelmaker has knocked back a $13.2 billion takeover offer, saying it "very significantly undervalued" the company.

AAP

BlueScope Steel keen on Whyalla's iron ore resource

Steel giant BlueScope is leading a consortium to potentially acquire the Whyalla Steelworks, an asset it views as having potential beyond its core business.

AAP

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No future made in Australia without gas: Bluescope boss

Australian industrial gas users are subsidising the cost of gas going to competitors overseas dues to a broken pricing system, Bluescope Steel's boss says

AAP

BlueScope backs Port Kembla steelworkers amid downturn

A major steelmaker warns of tough conditions as it braces for rising electricity, gas and labour costs amid a stubbornly soft home building market.

AAP

Australia risks missing $250b green iron opportunity

Urgent reforms are being called for to allow Australia to become a world leader in the production and export of iron produced with renewable energy.

AAP

Australia needs large-scale energy production – here are 3 reasons why offshore wind is a good fit

On the weekend, an area 20km off the Illawarra coast south of Sydney became Australia’s fourth offshore wind energy zone. It’s the most controversial zone to date, with consultation attracting a record 14,211 submissions – of which 65% were opposed.

The Conversation

Ten of Australia’s top companies lack clear plans to stop using or supporting fossil fuels, report says

UTS researchers say firms including Coles, Woolworths, Telstra, Rio Tinto and Qantas have no ‘comprehensive, independently verified and fully costed plan’ to reduce emissions

The Guardian - AU

Aussie economy 'OK' despite weaker housing: BlueScope

BlueScope Steel expects local housing starts to recover and strong demand in the United States for infrastructure, including steel-intensive renewable energy.

AAP

BlueScope Steel raises H2 earnings guidance by $220m

BlueScope Steel has projected its second-half earnings to rise to between $700 million to $770m, from a previous forecast range of between $480m to $550m.

AAP

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ABC News

BlueScope Steel boss warns safeguard mechanism changes could impact sovereign manufacturing

BlueScope Steel boss Mark Vasella warns losing sovereign manufacturing will not help the environment, amid uncertainty over how the steelmaker will be impacted by changes to emissions reduction laws.

AAP

BlueScope delivers slap on 'broken' energy

BlueScope Steel has delivered a sharp warning to fix the 'broken' energy market or risk losing national industrial assets such as Port Kembla steelworks.

AAP

BlueScope posts record profit on hot steel

BlueScope Steel has posted a record profit with products in the 'sweet spot' on global trends including lower emissions, hybrid work and the rise of e-commerce.

The Guardian - AU

Heavy industries in Australia’s regions could cut emissions by 80% and create a jobs bonanza, report says

Business leaders and decarbonisation experts say a high level of collaboration and coordination is needed for transition

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ABC News

FOI shows NSW planning department 'coaching' miner to stress BlueScope link, green groups say

Environmental groups say private emails obtained under Freedom Of Information laws show the NSW Department of Planning "coaching" a mining company seeking approval for a coal mine extension after it was rejected by an independent planning panel.

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