OneSteel Limited is an integrated, global manufacturer and distributor of steel and finished steel products. We are self sufficient in iron ore and have the ability to be self sufficient in scrap metal, providing significant flexibility to the integrated model that ranges from the mining, collection and supply of steelmaking raw materials through to steel production, manufacturing and distribution in Australia and overseas. OneSteel also makes external sales of hematite iron ore and scrap metal.
OneSteel’s business segments include:
Australian Distribution and New Zealand Distribution
A strong steel distribution network and niche market positions
OneSteel’s business strategy continues to focus on delivering in four key areas:
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Improving returns from existing businesses
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Achieving strong cash generation
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Growing and diversifying earnings
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Building organisational capability, particularly in relation to Supply Chain, Operational Excellence, and Customer and Market Insight.
Our mission
OneSteel’s mission is to deliver superior and sustainable returns through leading market positions in the construction, recycling, resources and industrial markets, with the leadership of our high calibre people, and operating and distribution capabilities.
Our core values
OneSteel’s mission is underpinned by the following values: Safety - we will not compromise on safety. Customers - we will meet our promise to customers.
Our achievements
Since the commencement of OneSteel in October 2000, the company has focused on building shareholder value through improving its market positions and unlocking inherent growth within its portfolio of businesses to drive the company toward sustainable returns.
In the 2009 financial year, we faced a difficult economic environment and the most challenging year on record for the steel industry due to the impact of the Global Financial Crisis. Despite starting the year strongly, the significant deterioration in market conditions during the year led to a disappointing full year result. The company responded quickly and strongly to the changed conditions, resetting its cost base and strengthening its balance sheet to better position it for facing its challenges and maximising its opportunities from the downturn.
