Steel Mills
February 21, 2022
BlueScope Reports Record 1H Profit, First Coil From EAF Expansion in Mid '22
Written by Tim Triplett
North Star BlueScope contributed substantially to record earnings reported yesterday by BlueScope Steel Ltd., its Australian parent. Sales for the first half of the global company’s 2022 fiscal year totaled $9.42 billion ($6.77 billion U.S.), netting earnings before interest and taxes of about $2.2 billion ($1.58 billion U.S.). For its North Star BlueScope operation in Delta, Ohio, the company reported pretax earnings of $1.23 billion ($884 million U.S.) on sales of $2.44 billion ($1.75 billion U.S.).
