Arrium
| File:Onesteel.png | |
| Company type | Public ASX: OST) |
|---|---|
| Industry | Mining, Manufacturing, Metals Distribution |
| Founded | 2000 following separation from parent company BHP |
| Headquarters | Sydney, Australia (main headquarters); operations in Australia and New Zealand |
Key people | Peter Smedley (Chairman, Non Exec. Director) Geoffrey Plummer (Executive Director, Managing Director, CEO) |
| Products | iron ore, steel products |
| Revenue |  $4.3 billion AUD (Y.E. 30 June 2008) |
| $197.5 million AUD | |
Number of employees | 11,000 |
| Website | onesteel.com |
OneSteel is an Australian-based mining, ore processing and steel manufacturing company specialising in steel-long products for the construction, mining, transport and agricultural industries. The company is a former subsidiary of BHP and was separated from the parent company as part of its corporate restructure in October 2000[1]; the parent went on to merge with Billiton to form the company BHP Billiton, the world's largest mining company. Onesteel comprises 0.23% of the S&P/ASX 200 index.
OneSteel has 11,000 employees, over 300 locations and 13 offshore facilities, 40,000 products and over 30,000 customers.
Major Divisions of Company
The company has four primary divisions:[2]
- Whyalla Steelworks - The main manufacturing division, producing raw steel at a rate of approximately 1.2 million tonnes per annum at an integrated steel mill. Primary uses for the product are rails, structural products and steel slabs. Ore is sourced from the OneSteel mines in the Middleback ranges.
- Market Mills - Also a manufacturing division, this division produces rod, bar, wire, pipe and tubular steel. Operations include EAF melting operations and billet casters at Sydney Steel Mill, Western Sydney and Laverton, Melbourne; a bar mill adjacent at the Sydney Steel Mill, and a rod and bar mill at the Laverton Steel Mill; a rod and wire mill in Newcastle; and other wire and tube mills located around south-eastern Australia. The Sydney and Laverton meltshops have a combined output of 1.3 million tonnes per annum. A specialty steel mill, with anoutput of 250,000 tonnes per annum, is also located in Newcastle; this division operates an electric arc furnace and produces railway wheels and tyres, grinding media and forgings. A bar mill was also located in Newcastle until 2008, when it was closed.
- Domestic Distribution - Distribution of products within the Australian market, including 90 Metaland franchises, retail outlets for consumers in regional Australia. It also includes numerous sites for distribution of products created at the Whyalla Steelworks and the Market Mills. The Distribution businesses include OneSteel Reinforcing, Australian Reinforcing Company, OneSteel Steel & Tube, OneSteel Sheet, Coil & Aluminium, OneSteel Piping Systems, OneSteel Building Systems, OneSteel Oil & Gas.
- International Distribution - Based in New Zealand, via the company's majority holding in the New Zealand company Steel & Tube Holdings Limited. Production and sales include rolled plate, light gauge steel, reinforcement and roofing products. In April 2003, Through Steel & Tubes Holdings Ltd.'s acquired the assets of another New Zealand company, Hurrican Wire Products, expanding operations to include the sale and production of other wire products from facilities in Auckland and Christchurch, New Zealand.
Careers
OneSteel has an in-house recruitment team and applications are advertised on their careers web site as well as through relevant media. OneSteel recruits experienced hires across the business and also offers a graduate program, apprenticeships, cadetships and summer vacation work for university students.
OneSteel's graduate program has streams in Accounting & Finance, Engineering, Geoscience, HR, Information Systems, Law, Material Science, Metallurgy, Operations, Sales & Marketing and Supply Chain. Graduates are placed in real roles and rotated for 2-3 years across the business (including interstate), typically changing roles every 9-18 months. Graduate development is on a 70:20:10 model of 70% on-the-job, 20% wider business exposure and 10% formal learning. The 20% business exposure is delivered through the YoungSteelers program, an annual retreat that brings together graduates nominated by their managers for three days of peer networking, exposure to senior leaders, site visits and sessions delivering career management skills. The most typical recurring graduate locations are Sydney, Newcastle, Brisbane, Melbourne and Whyalla.
OneSteel's apprentice program recruits school-leavers and existing TAFE students into primarily mechanical and electrical roles. Typically the program is 4 years in duration and combines company-sponsored TAFE study with on-the-job training. Typical locations include Sydney, Newcastle and Whyalla.
OneSteel's cadet program recruits school-leavers and provides full-time work with part-time sponsored university study in engineering, accounting, metallurgy and other disciplines as required by the business. University study is at an institution nominated by the business. Typical cadet locations are Sydney, Newcastle and Whyalla.
OneSteel's summer vacation work program offers university students (both undergraduate and postgraduate) with less than 2 years full-time work experience the opportunity to gain paid employment from December - February of each year. Students work on a three-month project of real significance to the business. The types of summer roles available change each year. Typical locations are Sydney, Newcastle, Brisbane, Melbourne and Whyalla.
Smorgon Steel acquisition and related events
In June 2006, an agreement was announced where OneSteel would be buying out scrap metal company Smorgon Steel for $USD 1.2 billion.[3] However, concerns by the Australian competition regulator, the Australian Competition and Consumer Commission (or ACCC) have resulted in significant delays in this process; as have concerns from Australian construction industry trade unions regarding possible job losses from the merger of the two operations.[4] This merger was completed in August 2007 [5].
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. [5].
References
- ^ OneSteel Ltd - Company Profile and Status
- ^ OST.AX: Profile for ONESTEEL FPO - Yahoo!7 Finance - Share Prices, Charts, News and more
- ^ FT.com / In depth - OneSteel buys Smorgon Steel for A$1.6bn
- ^ Union concerned over OneSteel, Smorgon merger. 23/08/2006. ABC News Online
- ^ a b OneSteel lays of 270 workers, unions howl. 15/02/2008. LiveNews.com.au