BlueScope Steel Limited - proposed acquisition of OneSteel Sheet & Coil business from Arrium Limited

Status:

Completed

Outcome:

Not opposed subject to undertakings on 6 March 2014

Reference number:

52147

Industry:

Distribution of Steel products

Commenced public review:

15 October 2013

Total review days:

84 days

Acquirer(s)

Please refer to the attached Public Competition Assessment.

Please refer to the attached Public Competition Assessment.

Document title	Date
Public Competition Assessment ( PDF 283.57 KB )	4 Aug 2014
Public Competition Assessment ( DOCX 154.61 KB )	4 Aug 2014

Document title	Date
Undertaking s87B BlueScope Steel Limited - signed 5 March 2013 ( PDF 2.65 MB )	5 Mar 2014

Date	Event
15/10/2013	ACCC commenced review under the Merger Review Process Guidelines.
01/11/2013	Closing date for submissions from interested parties. ACCC assessing information provided during market inquiries and consulting with merger parties on any relevant issues or concerns arising.
14/11/2013	ACCC requested further information from merger parties.
03/12/2013	ACCC received further information from the merger parties. ACCC amended former provisional date for announcement of findings (5 December).
19/12/2013	ACCC published a Statement of Issues outlining preliminary competition concerns.
24/01/2014	Closing date for submissions relating to Statement of Issues. ACCC assessing information provided during market inquiries and consulting with merger parties on relevant issues or concerns arising.
07/02/2014	Draft 87B undertaking proffered by BlueScope.
11/02/2014	ACCC commenced market inquiries on draft s87B undertaking.
21/02/2014	Closing date for submissions regarding BlueScope's draft s87B undertaking.
06/03/2014	ACCC announced it would not oppose the proposed acquisition, subject to a section 87B undertaking accepted by ACCC.