New Zealand and Pacific Islands
New Zealand and Pacific Steel Products
OVER 1,200 PEOPLE WORK AT OUR FULLY INTEGRATED STEEL MILL AT GLENBROOK, ABOUT 60 KILOMETRES SOUTH OF AUCKLAND, AND IT IS THE COUNTRY'S SOLE PRODUCER OF FLAT ROLLED STEEL PRODUCTS.
SILVERDALE, AUCKLAND, NEW ZEALAND
Snow Planet, the southern hemisphere's largest indoor ski slope, is insulated using BONDOR® panels made from COLORSTEEL®.
STEELMAKING WITH A DIFFERENCE
New Zealand Steel produces a range of products for both domestic and export markets, including the well known coated product brands COLORSTEEL®, GALVSTEEL™ and ZINCALUME®. Our principal customers are in the building, construction, manufacturing and agricultural industries.
Over 1,200 people work at our fully integrated steel mill at Glenbrook, about 60 kilometres south of Auckland, and it is the country's sole producer of flat rolled steel products.
New Zealand Steel is unique among world steelmakers, covering the full spectrum of the steel supply chain. Rich black sands, found on the west coast of the North Island at the Company's Waikato North Head and Taharoa Mine sites, are electrically melted at our Steelworks to produce iron.
This iron is converted into steel using a conventional basic oxygen steelmaking process, then cast into slab, and manufactured into hotrolled coil. Further value is added to the coil through cold rolling, metallic coating, painting, plate, welded beam and pipe-making operations.
Demand in the domestic residential market was weaker during the year. In addition, reduced export volumes, lower prices in international markets and higher electricity costs all contributed to a decrease in earnings. Weaker prices were also received for sales of the steelmaking by-product vanadium slag, although export revenues of Taharoa iron sands reached a record level.
SILVERDALE, AUCKLAND,
NEW ZEALAND
Snow boarders resting at the top of the 200 metre long slope inside Snow Planet.
Sales revenue was five per cent lower at $709 million, with an EBIT of $105 million. Although lower than the previous year, the past financial year was New Zealand Steel's second best year ever. Slab production was down four per cent as industrial action by a domestic coal supplier resulted in a coal supply shortage, which temporarily affected operations early in 2005/06.
Extended kiln shutdowns for maintenance, and a one-off power failure also affected production.
New Zealand Steel has undertaken a number of initiatives to boost performance in the current year. These include productivity improvement measures at the steelmaking and coating plants, developing new revenue streams from iron sands, and increasing domestic sales and market share of coated and pipe and tube products.
BOTANY DOWNS, AUCKLAND, NEW ZEALAND |
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