Energy costs in the U.S. are roughly a third of what BlueScope pays in Australia, Chief Executive Mark Vassella said
SYDNEY—An Australian steelmaker said it will spend roughly US$700 million to expand its U.S. business, joining American rivals that have outlined plans to add capacity locally in the wake of President Trump’s import tariffs.
BlueScope Steel Ltd. said it will be able to produce 850,000 more metric tons of steel each year at its North Star business in Delta, Ohio, once the expansion is completed. That represents a 40% increase on current capacity.
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