COMMUNITY

THE WORLD WE LIVE IN

	WOLLONGONG, NSW, AUSTRALIA State Emergency Service's (SES) new regional headquarters for Illawarra/Southern NSW constructed with BlueScope Steel's assistance using COLORBOND® steel.
	We take pride in supporting the communities in the 17 countries where we operate.

At BlueScope Steel our communities are very much an important part of who we are. Our communities are our homes. We take pride in supporting the communities in the 17 countries where we operate. Our Bond guides our activities in caring for our communities, for the environment, respecting local values, encouraging involvement and creating wealth.

Steel building materials donated to Innisfail's farming community to aid building recovery from tropical Cyclone Larry.

INNISFAIL, QUEENSLAND, AUSTRALIA
Steel building materials donated to Innisfail's farming community to aid building recovery from tropical
Cyclone Larry.

Once again, our people demonstrated their commitment to our community in responding to calls for emergency relief. After Cyclone Larry struck the coast of northern Queensland in March, employees donated to the relief effort through our workplace giving program, and BlueScope Lysaght supplied products to help rebuild local schools and farms.

Cranbourne where BlueScope Water's sponsorship supports water conservation.

CRANBOURNE, VIC., AUSTRALIA
The Red Sand Garden at Royal Botanic Gardens, Cranbourne where BlueScope Water's sponsorship supports water conservation.

In Indonesia, employees raised funds and collected food and clothes for victims of the earthquake in May on the island of Java.

Thanks to employee contributions to Surf Life Saving Australia, one of the Company's workplace giving program partners, we have been able to provide defibrillators to surf life saving clubs in New South Wales. We are also proud to have been recognised as a major partner of the Australian Red Cross for our support of emergency relief efforts.

BlueScope Steel has a long-term commitment to the environment and education. Our sponsorship of the new Australian Garden, opened in May at the Royal Botanic Gardens in Cranbourne, Victoria, helps raise awareness of water conservation issues.

In the Illawarra, BlueScope Steel's community partnerships support the arts, culture and young people. In August, the Company was honoured to receive the Orchestras Australia 2006 Enlightened Support Award in recognition of our 20-year sponsorship of the BlueScope Steel Youth Orchestra. The Company has a long-standing relationship with the State Emergency Service (SES) in the region, and we were delighted to support the development and construction of the new Illawarra/Southern NSW regional headquarters which opened this year.

COMMUNITY, SAFETY AND ENVIRONMENT REPORT
This Report will be available December 2006. Shareholders wishing to register and receive a copy of the Report can do so by visiting our website www.bluescopesteel.com or by contacting BlueScope Steel Direct in Australia on 1800 800 789.