BlueScope plans to add 600,000 to 900,000 metric tons per year of steelmaking capacity with this expansion as well as adding a third electric arc furnace and a second caster.

North Star BlueScope supplies steel to automotive manufacturers and the construction industry, and about 90% of its customers are within a 250-mile radius of the plant.

“This project fits our strategy perfectly. It offers long-term sustainable earnings growth from a high-quality asset. It is a significant tribute to the 400 employees at Delta who work hard to make it such a strong performing asset,” chief executive officer Mark Vassella said. “The BlueScope investment proposition now comprises a strong suite of assets and options, capability and discipline, all focused on growing long-term shareholder value and returns.”

The project is expected to take two or three years to complete.

More on the story here.