StudentShare solutions
Triangle menu

On BlueScope Steel - Lab Report Example

Nobody downloaded yet

Extract of sample
On BlueScope Steel

The most important growth element in BlueScope Steel is evident in its major restructuring plan covering Australian operations, which seeks to reposition the company for increased profitability and as well as growth. The Board approved the restructuring plan and as such, it will contribute to major changes in the operations of the firm that include shutting down the No. 6 Blast Furnace at the Port Kembla, closure of No.4 Cokemaking battery, No. 3 BOS steelmaking furnace and No.1 slab caster as well as closure of the Western Port Hot Strip Mill. Mergers and acquisitions are considered the best corporate strategy for BlueScope Steel owing to a wide range of positive attributes associated with it. With mergers or acquisitions, the company will certainly avoid the hustles associated with joint ventures or funding a subsidiary. The company has managed to expand a number of its operations owing to acquisitions. Key among the acquisitions made by BlueScope over the previous financial years include IMSA Steel Corp, a steel products manufacturing company, from Ternium SA subsidiary of San Faustin NV's Grupo Techint unit as well as Smorgon Steel Group Ltd (SS) steel and metal marketing division. Member 3 WANG, YING 2766757 To a steel-making company such as BlueScope, the value for its business comes from the steel and iron production, which is the most important valuation measurement. Besides the workforce, the steel industry is labor-intensive business. Then, the equipment and devices are also the value for this kind of industry. To increase the enterprise value, there are three major missions, namely reinvigorating their domestic business, including Australia and New Zealand; expanding and improving Asian and North American market; and continuing to grow sunrise business to make BlueScope Steel a unique steel production enterprise (2010/2011 Annual Report 2012). Coated and Industrial Products and Pacific Steel Products have significantly helped the company earn much more profit than before, in Australia and New Zealand, respectively (BlueScope Steel Limited Products2012). Because for the domestic market raw materials can be mined in Australia, the transportation expenses can be saved and steel marketing industry is the mainstay industry to countries in Oceania. Therefore, the growth project for steel making in these two years was very strong (IBIS World 2012). In addition, this program makes raw materials a very important role of producing iron for steel-making companies. As everybody knows, Australia is the origin of iron and its economy based on the export of the raw materials and iron. Australia gained a huge amount of capital during these four to five years (2010/2011 Annual Report 2012). Moreover, Australia was just affected slightly by economic crisis. According to this advantage, steel and iron production increased rapidly in Asian countries, and BlueScope Steel seized this opportunity. They take the advantage of Australia's natural resources, transfer them to the capital, and make the steel industry to be one of the top three pillar industries both in Australia and in New Zealand. The hot strip mill and the plate mill have been identified as the most two profitable products.However, this only depends on the market demand. For instance, if the market is in a positive situation, the steel price is high and market demand is optimistic, hence the production level will be maintained and the profit will be guaranteed at the same time. When it comes to the real ...Show more


BlueScope Steel Institution Date Executive Summary BlueScope Steel, being a steel manufacturing company, derives its vale from steel and iron production. The steel manufacturing industry has been identified as one of the most labour intensive among other industries…
Author : sbartoletti
Report on BlueScope Steel essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the lab report on your topic
"Report on BlueScope Steel"
with a personal 20% discount.
Grab the best paper

Check these samples - they also fit your topic

Engineering - Steel Report
Ductility and tensile strength of reinforcing steel are some of the most important properties that help in the prevention of brittle failure of reinforced masonry structures and reinforced concrete. This is particularly essential in the constructions that are likely to be exposed to seismic or dynamic forces that can damage the steel reinforcements.
5 pages (1250 words) Lab Report
The accomplishments of the project were in enabling the robotic arm to move through a space within set constraints of avoiding the black lines in the experiment. The software for the robotic arm is executed by the machine to achieve the objectives of the project.
6 pages (1500 words) Lab Report
Steel Report
This is particularly essential in the constructions that are likely to be exposed to seismic or dynamic forces that can damage the steel reinforcements. According to Degarmo and Black (2003, p.56),
5 pages (1250 words) Lab Report
Mid - report
During my field study, I was actively involved in the construction of a modern building that could be strong enough to cope with earthquakes. This, we were to achieve, using strategic building construction practice that
2 pages (500 words) Lab Report
Lab Report
On the other hand, yield stress is the point at which a material permanently deforms (Lees, 2011). Stress often causes a material to stretch, which ultimately makes it to strain. In this case, strain it measures the extent a material is stretched.
5 pages (1250 words) Lab Report
Lap report
The knowledge of hardenability of steal is essential as selection of the appropriate combination of alloy steel and heat treatment to manufacture of different components of different sizes to minimise thermal stresses and distortion is dependent on this process(B.V,
3 pages (750 words) Lab Report
The launcher was started with an angle of 100, horizontal distance measured, and the procedure repeated four times. Average value for the readings
1 pages (250 words) Lab Report
Lap Report
Thus, the experimental acceleration at a distance of 3 meters = (1/2)a (2.24)2 where a=1.20 m/s2 (That is Xf= (1/2) ax t2) As discussed earlier, the theoretical acceleration obtained was 1.12 m/s2 while the experimental acceleration was
1 pages (250 words) Lab Report
Physical Chemistry Lab Report
In alloys, the physical properties of strength, corrosiveness and conductivity are determined by composition of transition metals and trace elements like carbon and manganese. In application, precisely determining the quantity of a transition metal in steel is
5 pages (1250 words) Lab Report
The body form between the larva and the pupa from the experiment is entirely different in terms of size and morphology. The larva is
1 pages (250 words) Lab Report
Hire a pro to write
a paper under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
Comments (0)
Click to create a comment
Contact Us