Boulder Steel confident of success

THE sacking of 1000 workers by steel manufacturer BlueScope has not dampened the enthusiasm behind the Gladstone Steel Plant Project.

News of the sackings on Monday sent shock waves around the Australian steel industry and prompted questions over the long-term viability of Australian steel being exported to Asia and other foreign markets.

But Boulder Steel Limited general manager Carl Moser said the $4 billion project was under no threat.

He said the plant would have an advantage compared to existing Australian steel pants by being designed more efficiently in terms of capital expenditure and operating with competitive production costs in the global steel market.

“Many steel making facilities around the world require an internal rail system whereas the Gladstone plant will not require such a rail system,” Mr Moser explained.

“The Gladstone plant will also have purpose built steel product ship-loading facilities using state-of-the-art product handling systems.”

He said Boulder Steel had calculated the Gladstone plants low operating costs would place it in the lowest quartile of international steel producers.

The pre-feasibility study review for the steel plant project is being done by Boulder Steel.

It expects to receive a finalised version by the end of this week.

Gladstone Steel Plant timeline

  • Initial earthworks to begin in the second quarter of 2012
  • Construction to take 20-24 months
  • Construction of Stage 1, 2012-2014
  • Construction of Stage 2, 2014-2016

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