Latest news with #Colorbond
The Australian
8 hours ago
- Business
- The Australian
BlueScope a Whyalla Steelworks sale issue
The Australian Business Network Prospective suitors for the Whyalla Steelworks are understood to have been put off by BlueScope's dominant position in the sale process and have opted not to bid, industry sources say. BlueScope, which was initially appointed as a government adviser, has last right of refusal to buy the business. DataRoom understands that because of this, other suitors are not planning to put forward any offer for the South Australian asset. As reported by The Australian on Tuesday, more than 30 domestic and international companies expressed interest in buying the steelworks, mine and port that was saved by a $2.4bn government funded rescue package. The formal sale process for the Whyalla Steelworks and associated mining operations was launched on June 24, with selected prospective buyers provided access to a 'secure data room' that enables initial due diligence and allows bidders to prepare 'non-binding indicative offers'. Steel companies from Australia, Japan, India and South Korea considered the opportunity, including JSW and Korea's POSCO. The government describes the Whyalla Steelworks as a unique pit-to-port asset and a critical pillar of sovereign steelmaking in Australia. DataRoom reported in February that BlueScope had been in prolonged detailed talks with the SA government, and was set to wind up as the reluctant saviour of the steelworks, with inside run on a plan to take the reins. More interesting to the UBS-advised BlueScope would probably be the steel manufacturing operations of Whyalla's sister company InfraBuild, bought with Whyalla by Sanjeev Gupta's GFG Alliance. InfraBuild and Whyalla are closely related in that most of the steel produced at Whyalla is sold to InfraBuild. InfraBuild currently has about 70 per cent market share and manufactures reinforcing steel. The loss-making Whyalla owed hundreds of millions of dollars to its creditors, which are groups such as Aurizon and NRW, and the SA government, which passed new laws to place Whyalla into administration. Administrator KordaMentha also handled Whyalla when Whyalla's parent company Arrium collapsed. GFG bought Whyalla and InfraBuild, beating rival bidder, POSCO. In February, a move by BlueScope to manage Whyalla Steelworks on behalf of the government was seen as stage one of a long-term plan to find a solution for the troublesome operation where it could establish the costs of making it relevant and viable for its own business. Then it would call on the government to fund investment to make the facility fit with its own business plan, which may include building arc furnaces, green steel capacity or a new plant to make flat steel. BlueScope's Port Kembla mills are break even $US220 a tonne less the cost of iron ore and coking coal and the price in Australia for steel is currently at about $US170 a tonne. Due to the challenges in the market, BlueScope is moving from upstream steelmaking to downstream, with more of a focus on products such as its Colorbond roofing and cladding solutions. Bridget Carter DataRoom Editor Bridget Carter has worked as a writer and editor for The Australian's DataRoom column since it was launched in 2013, focusing on capital markets, mergers and acquisitions, private equity and investment banking. She has been a journalist for more than 18 years, covering a broad range of events and topics, including high profile court cases and crimes, natural disasters, social issues and company news.
West Australian
29-06-2025
- Lifestyle
- West Australian
Ebb and flow of multifaceted opulence
Just a few streets from the ocean, this striking home turns heads in Cottesloe, with its wave-like form and flexible layout offering rare architectural pedigree and practical appeal. Set on a 675sqm block, the five-bedroom, five-bathroom residence was designed by Odden Rodrigues Architects and won the Australian Institute of Architects' 2003 Western Australian Architecture Awards COLORBOND steel Award. Behind its distinctive curved facade of Colorbond steel, the 551sqm building features three zones – two self-contained residences and a separate studio. Abel Property Property Consultant Kyle Peters said it was unlike anything else in the area. 'The Wave House offers sculptural elegance with spaces which feel comfortable, understated and restrained,' he said. 'It delivers the feeling of living outside while being inside, delivering remarkable flow, light and a sense of relaxed sophistication. 'The home is, in fact, designed to be three residences in one, making it both unique and multi-generational.' Although west-east in orientation, the house is built to capture northern light throughout the year, with deep overhangs and passive-solar principles supporting energy efficiency. Inside, the layout champions space, versatility and a connection to the coast. On the top floor, an open-plan family, dining and kitchen zone affords sweeping views to Rottnest Island, complemented by timber floors, a curved ceiling and a long window seat. It opens to an ocean-facing balcony with a built-in barbecue and bi-fold security grilles. 'The home caters to multi-level entertaining with kitchen facilities on both levels,' Mr Peters said. 'Whether it's an intimate sunset dinner upstairs or a larger family gathering downstairs spilling on to the lawn, this multifaceted approach is one of the ways making this home an outstanding place to live.' This level also includes a luxurious main suite with a dressing room and an ensuite, a second bedroom and a bathroom, a private office, a study nook and a built-in bar. Downstairs, the two-bedroom, two-bathroom residence is defined by polished concrete floors, soaring ceilings and floor-to-ceiling glass in the living, meals and kitchen area. A picture window by the fireplace adds a tranquil pause while sliding doors lead to a side garden. A large games or media room with a secret wine cellar has access to the laundry, the fifth bathroom and a hidden fifth bedroom or studio with its own kitchenette – ideal for guests, teenagers or Airbnb stays. 'It's thoughtful and airy throughout,' Mr Peters said. 'The architect has created tailored spaces, which work with light, shade and the nuances of place. 'It reflects a depth of purpose not just groovy shapes.' Additional features include ducted reverse-cycle air-conditioning, a Sonos audio system, a dumbwaiter, CCTV, a hot and cold outdoor shower, a double garage and space for a boat or a caravan. 'This is a unique home seeking a unique buyer – someone who values distinct architecture, nature and living in a residence designed to perform supremely well on the WA coast,' Mr Peters said. 16 Ozone Parade, Cottesloe Beds: 5 Baths: 5 Agent: Abel Property Contact: Kyle Peters, 0404 883 689
Canberra Times
21-06-2025
- Business
- Canberra Times
Colorbond shearing shed-style home celebrated in ACT architecture awards
"The dramatic colour and Colorbond cladding was an idea where we wanted to take one of the most affordable products and detail it in the best way you possibly can," Mr Brook said.
