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North Star Defers Cold Mill Plans
02/18/2025 - North Star BlueScope's Australian parent has postponed a US$1.2 billion investment in a Midwest cold rolling facility so that it can focus on ramping up its U.S. coated products business.
“With a strong balance sheet, we also have a clear focus on cash,” BlueScope said in a statement.
BlueScope Coated Products was established in 2022 when it acquired Coil Coatings, one of the largest metal coating and painting companies in the U.S. The US$500 million Coil Coatings acquisition nearly tripled BlueScope’s U.S. metallic coating and painting capacity to more than 1.3 million metric tons.
BlueScope Coated Products was established in 2022 when it acquired Coil Coatings, one of the largest metal coating and painting companies in the U.S. The US$500 million Coil Coatings acquisition nearly tripled BlueScope’s U.S. metallic coating and painting capacity to more than 1.3 million metric tons.
