Steel Mills
October 25, 2020
North Star Delivering Results for BlueScope
Written by Sandy Williams
North Star BlueScope continues to shine for Australian parent company BlueScope Steel. North Star continues to ship at full capacity in the first half of FY 2021 driven by the rebound in the U.S. auto industry. Steel spreads have improved in the half due to higher HRC pricing, although earnings are expected to be somewhat lower than 2H FY 2020 due to contract lag.
After a delay due to COVID-19, construction of the third electric arc furnace at North Star is back on track. The new EAF will have a melt capacity of approximately 850,000 metric tons and a second caster. Once completed, the Delta, Ohio, mill will have an annual capacity of 3 million metric tons.
