Smorgon Steel
Encyclopedia
Smorgon Steel was an Australian steel manufacturing business established in the 1980s 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, instead recycling scrap steel into steel reinforcing bar for reinforced concrete construction, using a mini electric arc furnace
steel mill
at Laverton North, Victoria
.
In 1999 Smorgon acquired the troubled manufacturing concern Australian National Industries Limited
(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 takeover of Email Limited
in 2001, this takeover took a long time to get approval from the Australian anti-monopoly regulator, the Australian Competition and Consumer Commission
because approval of the takeover would result in only two significant businesses remaining in the steel distribution business in Australia
.
Melbourne
Melbourne is the capital and most populous city in the state of Victoria, and the second most populous city in Australia. The Melbourne City Centre is the hub of the greater metropolitan area and the Census statistical division—of which "Melbourne" is the common name. As of June 2009, the greater...
. The chairman of the company board was Graham Smorgon
Graham Smorgon
Graham Smorgon is a prominent Australian businessman and a member of the Smorgon family – one of Australia's wealthiest and most powerful and influential families...
.
Smorgon Steel was noteworthy as the first company to attempt to compete with BHP Steel in Australia
Australia
Australia , officially the Commonwealth of Australia, is a country in the Southern Hemisphere comprising the mainland of the Australian continent, the island of Tasmania, and numerous smaller islands in the Indian and Pacific Oceans. It is the world's sixth-largest country by total area...
. Smorgon did not construct a primary steel-making plant, instead recycling scrap steel into steel reinforcing bar for reinforced concrete construction, using a mini electric arc furnace
Electric arc furnace
An electric arc furnace is a furnace that heats charged material by means of an electric arc.Arc furnaces range in size from small units of approximately one ton capacity up to about 400 ton units used for secondary steelmaking...
steel mill
Steel mill
A steel mill or steelworks is an industrial plant for the manufacture of steel.Steel is an alloy of iron and carbon. It is produced in a two-stage process. First, iron ore is reduced or smelted with coke and limestone in a blast furnace, producing molten iron which is either cast into pig iron or...
at Laverton North, Victoria
Laverton North, Victoria
Laverton North is a suburb in Melbourne, Victoria, Australia, 18 km west from Melbourne's central business district. Its Local Government Area is the City of Wyndham.It is predominantly an industrial suburb, with the Federation Trail flowing through....
.
In 1999 Smorgon acquired the troubled manufacturing concern Australian National Industries Limited
Australian National Industries Limited
Australian National Industries Limited was an Australian heavy engineering company with diverse range of holdings, including:*Cockatoo Island dockyard.* Commonwealth Engineering.* Bradken .* Bus body building....
(ANI). Parts of the ANI conglomerate, including the foundry business Bradken Limited
Bradken Limited
Bradken Limited is a global manufacturing company headquartered in Australia. The company is a component of the S&P/ASX 200 index. Bradken has 26 manufacturing facilities throughout Australia, New Zealand, the United Kingdom, the United States of America and China.Bradken is a manufacturer and...
, were restructured and spun off as separate businesses.
In 2007 Smorgon Steel merged with OneSteel
OneSteel
OneSteel is an Australian-based mining, ore processing and steel manufacturing company specialising in steel-long products for the construction, mining, transport and agricultural industries...
. As with the takeover of Email Limited
Email Limited
Email Limited was a manufacturing conglomerate operating mainly in Australia.The company was formed from the merger of Electricity Meter Manufacturing Co Pty Ltd, established in 1912, and New System Telephones Pty Ltd, established in 1920...
in 2001, this takeover took a long time to get approval from the Australian anti-monopoly regulator, the Australian Competition and Consumer Commission
Australian Competition and Consumer Commission
The Australian Competition and Consumer Commission is an independent authority of the Australia government. It was established in 1995 with the amalgamation of the Australian Trade Practices Commission and the Prices Surveillance Authority to administer the Trade Practices Act 1974...
because approval of the takeover would result in only two significant businesses remaining in the steel distribution business in Australia
Australia
Australia , officially the Commonwealth of Australia, is a country in the Southern Hemisphere comprising the mainland of the Australian continent, the island of Tasmania, and numerous smaller islands in the Indian and Pacific Oceans. It is the world's sixth-largest country by total area...
.