Smorgon Steel

Smorgon Steel

Smorgon Steel was an Australian steel manufacturing business established in the 1980's by the Smorgon family of Melbourne. The chairman of the company board was Graham Smorgon.

Smorgon Steel was noteworthy as the first company to attempt to compete with BHP Steel in Australia. Smorgon did not construct a primary steel-making plant. Smorgon Steel's main business was recycling scrap steel into steel reinforcing bar for reinforced concrete construction.

In 1999 Smorgon acquired the troubled manufacturing concern Australian National Industries Ltd ( ANI ). Parts of the ANI conglomerate, including the foundry business Bradken Limited, were restructured and spun off as separate businesses.

In 2007 Smorgon Steel merged with OneSteel. As with the previous takeover of Email Limited in 2001, this takeover took a long time to get approval from the Australian anti-monopoly regulator, because approval of the takeover would result in only two significant businesses remaining in the steel distribution business in Australia.

External links:

Smorgon Steel company website: http://www.smorgonsteel.com.au/

[http://www.accc.gov.au/content/index.phtml/itemId/87625/fromItemId/378012 ACCC press release Smorgon-Email 2001 merger]


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