Rooty Hill. Production drops to 30 per cent

The Rooty Hill and Laverton, Victoria, facilities, of OneSteel Limited, Australia’s second-largest steelmaker will operate at 30 per cent capacity in the six months to June. The deterioration in demand for iron ore and scrap metal had made it tougher than expected to clear inventories, said The Australian Financial Review.

Rooty Hill. Production reduced again

OneSteel Limited, Australia’s second-largest steelmaker has announced a further reduction in production at its Rooty Hill and Laverton, Victoria, electric arc furnaces, by 15 per cent to 725.000 tonnes. In February, the company announced that it would reduce the level of EAF steel over the remainder of the 2009 financial year, leading to estimated steel made at the two facilities to 850,000 tonnes for the year. The company said the lower figure reflected its primary focus to bring inventory levels in line with demand under its “back to basics” response to the global financial crisis. The Sydney Morning Herald reported that 200 jobs would be axed.

Rooty Hill. OneSteel cuts production

OneSteel, a steelmaker and iron ore miner, has announced a further 150,000 tonnes of fourth-quarter production cuts from its electric arc furnaces at Rooty Hill and Laverton, in Victoria, adding to a 300,000-tonne reduction announced in January, as the company braces for the current national downturn to worsen, said The Australian.

Rooty Hill. OneSteel stops production

OneSteel has stopped production at its Sydney Steel Mill, at Rooty Hill, and at the Whyalla blast furnace as much as possible and will cut output from its Laverton mill in Victoria, after the demand for steel fell by 24 per cent in December. OneSteel confirmed the move would result in contractor and casual job losses, but did not provide a figure according to The Australian Financial Review