Makes its debut on ASX
Document date:
Mon 15 Jul 2002
Published:
Mon 15 Jul 2002 00:00:00
Document No:
192354
Document part:
A
Market Flag:
N
Classification:
BHP STEEL LIMITED 2002-07-15 ASX-SIGNAL-G HOMEX - Melbourne +++++++++++++++++++++++++ BHP Steel Limited today marked a new chapter in its 87-year history when the company's shares commenced trading on Australian Stock Exchange (ASX) with an opening price of AUD$2.90. The listing was marked by a bell ringing ceremony at ASX in Melbourne today. Commenting on today's public listing, BHP Steel Chairman Graham Kraehe said: "Though we are a newcomer to ASX, BHP Steel has a proud heritage dating back to 1915. Since then, BHP Steel has built itself into the largest steel group in Australasia and one of the best performing companies in the competitive global steel industry. "We have grown beyond our Australian origins to become a global steel business, with manufacturing plants in Australia, New Zealand, Thailand, Malaysia, Indonesia and the United States, a network of roll-forming and service facilities throughout Australia, Asia and the Pacific, and a worldwide network of sales offices." Managing Director and CEO Kirby Adams said: "Now that the task of demerging from BHP Billiton and our listing on ASX have been successfully completed, we will redouble our focus on growing our business and delivering value to our shareholders, customers and employees. "BHP Steel provides steel solutions - including market-leading steel products, technical support, transport & logistics services, and after-sales service - in every region of the world - from Asia, to the Middle East, Europe, the Pacific and the Americas." He said, "BHP Steel is an excellent low cost steel producer with an excellent safety record, strong brands, leading domestic market positions, ongoing efficiency and cost improvements, and a growing presence in the markets of Asia - all of which bodes well for our future." Television news: Relevant BHP Steel video news footage will be broadcast today during the satellite news exchange at 3.45pm. For further Information about BHP Steel Limited: www.bhpsteel.com Contacts: May Goh David Goodwin MEDIA RELATIONS EXECUTIVE VICE PRESIDENT CORPORATE AFFAIRS BHP Steel BHP Steel Tel: +61 3 9666 4023 Tel: +61 3 9666 4020 Mobile: +61 (0)402 016 900 Mobile: +61 (0)419 585 298 E-mail: May.Goh@BHPBilliton.com E-mail: David.Goodwin@bhpsteel.com