OneSteel Limited OneSteel Grinding Systems (OGS ... - Arrium

LSB Yesterday• Small mill run out of Australia (market small and complex)• US housing market was booming – 2+ million starts/year• Decision to invest in US mill based on historic averages• 1.8 million starts per year• Most starts with basements in NE US quadrant• Identified a need for LSB in the marketplace• Basement beams• Easy, inexpensive install• Traditional channels• Light weight• Developed, approved and implemented business plan to invest in USmanufacturing facility• Set up business to launch LSB into the marketplace• US based management team with immense new product and buildingproducts experience• Good business, safety and manufacturing systems