Posted in | News | Ferrous Alloys and Metals | Iron and Steel

Smorgon Steel Proceed to Next Stage of Development of American Market for Light Steel Beam

May 1 2006

After the completion of extensive market research, the Board of Smorgon Steel has approved investment in the next phase of the Company’s previously-announced intentions to develop the market for the LSB™ in the USA.

The Company will, as soon as practicable, begin the detailed project planning necessary before a production facility in the USA can be commenced.

The Company estimates that this next phase will take between 6 and 12 months and that, during that period, customers in the USA will be supplied, on an interim basis, with LSB™ manufactured in Australia.

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