Corporate

13 May 2003, Kirby Adams addresses the Securities Institute of Australia

Read an extract from Mr Adams' speech providing an overview of the BHP Steel Group (size: 109Kb, PDF file)

View the slides accompanying Mr Adams' presentation (size: 1.5Mb, PDF file)

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In a speech to the Securities Institute of Australia in Melbourne, BHP Steel Managing Director and CEO Kirby Adams said the company is on track to exceed a full year net profit of A$400 million.

Mr Adams pointed to continuing strong demand for the company's products in the Australian market and growth in its Asian markets - particularly in the building and construction sector.

He said Asia is a core growth region for BHP Steel and the company has a unique marketing footprint in the region, with particular strength in downstream, value-added steel products.

And he said BHP Steel's (now known as BlueScope Steel) operations in Asia would make an increasingly important contribution to the company's earnings.

Mr Adams' address covered four main topics:

  • Changes that have taken place in BHP Steel and the way in which last year's demerger has unleashed the potential of the business;
  • An overview of BHP Steel's products, customers, operations and performance;
  • BHP Steel's strength in downstream steel products and unique footprint in Asia; and
  • Creating value in the steel industry.

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