OneSteel (OST)

Shares / Stock Code

OST

Stock Exchange / Sharemarket

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OneSteel Limited (OST) is a steel manufacturing and distribution company that is engaged in the mining, manufacturing and distribution of metal and steel products. Its main product line includes rail tracks, structural, rods, cold finished bars, merchant bars, reinforcing steel, chrome plated bars, tube, wires, fittings, valves and pipes. OST was listed on the Australian Stock Exchange on the 23rd of October 2000. Its average annual revenue reaches approximately $4 billion out of its issued capital of $1 billion. Its headquarters is located in Sydney, Australia and to date; around 7,300 employees are employed in the company. OneSteel Limited through three business segments: Australian Manufacturing, Australian Distribution and International Distribution. These three business segments are further divided into thirteen business segments: OneSteel Fire Systems, OneSteel Aluminum, OneSteel Martin Bright, OneSteel Market Mills, OneSteel Piping Systems, OneSteel Metaland, OneSteel Sheet and Coil, OneSteel Reinforcing, OneSteel Trak-Lok, OneSteel Steel and Tube, OneSteel Waratah, OneSteel Whyalla Steelworks and Midalia Steel.

The Australian Manufacturing is in charge of selling the manufactured products like structural channels, angles, steel, flats and reinforcing bars and this segment interconnects with Australian and International Distribution segments.

OneSteel Fire Systems is in charge of distributing valves, pipe fittings and pipes for associated plumbing and fire systems. OneSteel Aluminum is engaged in the supply of aluminum sheet, plate and restricted and standard extrusions from cities of Australia. OneSteel Martin Bright is one of the leading manufacturers of hard chromium plated bars as well as cold finished bright steel bars in Australia while OneSteel Market Mills manufactures and supplies a complete range of steel bars, rods, wire rope, wire, tubes and steels in the country. OneSteel Piping Systems is in charge of distributing pipes, pipe fittings and valves used in process and construction sectors. These products are distributed in over 100 outlets in Australia. OneSteel Metaland is OST’s business unit that is engaged in the operation of franchises that supply sheet, steel, aluminum, coil, piping systems as well as other products that are used in the industrial sector.

The distribution of coated and uncoated coil and sheet products is spearheaded by OneSteel Sheet and Coil while the supply of reinforcing steel is headed by the OneSteel Reinforcing. OneSteel Trak-Lok is engaged fastening systems and steel sleepers manufacturing while OneSteel Steel and Tube operates an extensive warehousing network in the capital city markets. For the supply of fencing products, the responsibilities go to OneSteel Waratah and the OneSteel Whyalla Steelworks is responsible in the production of raw steel. Midalia Steel is in charge in the online marketing of all the steel products manufactured by OST.

OneSteel Limited (OST) Company History

Back in 2000, OneSteel Limited (OST) was listed on the Australian Stock Exchange. There were eight businesses that are related to steel manufacturing, mining, and metal products that merged to form the OneSteel company. The eight businesses were run independently by their own businesses. OneSteel name was made to signify the merging of the former businesses.

Looking for business partners, they acquired two large businesses back in the year 2004. The two businesses are Midalia Steel and a very large mining company of magnetite which is the Project Magnet. It is located in the South Middle back region of the South Australia.

In August 2005, because of the additional sales in pellets and iron ores generated by the project Magnet, BHP Billiton became the exclusive marketing agent of the company. After that year, in year 2006, the proposed merging between the OneSteel and Smorgon Steel Group was held to pause because of the concern brought by the ACCC.

The merging of the two companies happened when OneSteel and Smorgon Steel broadcasted the operation of Australian Tube Mills, a structural pipe and tube project in March 2007 where the two companies would work together.