2001 Annual Report - OneSteel

Figure Ten – Other Manufacturing ($m 1998/99)September quarter 1989 to June quarter 20016506005505004504003503007,0006,5006,0005,5005,0004,5004,0003,5003,0001,4001,2001,00080060089 90 91 92 93 94 95 96 97 98 99 00 01Figure Eleven – Mining Output ($m 1998/99)September quarter 1989 to June quarter 200189 90 91 92 93 94 95 96 97 98 99 00 01Figure Twelve – Automotive Output ($m 1998/99)September quarter 1989 to June quarter 200140089 90 91 92 93 94 95 96 97 98 99 00 01Figure Thirteen – Agricultural Investment ($m 1998/99)September quarter 1989 to June quarter 2001NON-RESIDENTIAL CONSTRUCTIONThe non-residential construction sector representsthe value of work done in building and alteringhotels, offices, shopping centres, factories,education, health and other social facilities.This sector makes up a significant proportion ofOneSteel sales of approximately 20% in anygiven year.As Figure Seven indicates, the value of activity inthis sector declined by 16.3% when comparedyear on year.ENGINEERING CONSTRUCTIONEngineering construction encompasses the valueof building or upgrading major infrastructure suchas roads, bridges, railways, highways, pipelines,telecommunications, harbour and marine facilities,water and sewerage, and electricity.This sector also provides approximately 20%of OneSteel’s revenues, and as Figure Eightindicates, activity in this sector declined by11.4% year on year.RESIDENTIAL CONSTRUCTIONResidential Construction covers investment for thebuilding and altering of private and public unitsand houses. OneSteel derives 12% of its revenuesfrom this sector, which year on year declinedsubstantially by 27.4% as depicted in FigureNine. This sector in particular was impacted bythe introduction of the GST, as building productsin the past did not attract a sales tax.OTHER MANUFACTURINGOther manufacturing represents all manufacturingwith the exception of automotive production. Thissector represents 13% of OneSteel revenues anddeclined 13.1% year on year as outlined inFigure Ten.1,8001,6001,4001,2001,000800600400200089 90 91 92 93 94 95 96 97 98 99 00 01MINING OUTPUTMining output encompasses production frommining activities and represents approximately10% of OneSteel revenues. Activity in this sectorincreased (refer Figure Eleven) by 5.6% year onyear, and is consistent with the overall increasingtrend in this sector since the early 1990s.AUTOMOTIVE OUTPUTAutomotive output includes production fordomestic automotive manufacturers includingcomponent part manufacturers. This sectorrepresents 5% of OneSteel revenues andincreased 11.7% year on year (refer toFigure Twelve).AGRICULTURAL INVESTMENTAgricultural investment encompasses expenditurein the rural sector. It represents 5% of OneSteelrevenues and grew very strongly year on yearwith an increase of 30.7% (refer to FigureThirteen). This is on the back of subdued activityover most of the 1990s.13