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

Acquirer(s)

  • BlueScope Steel Limited

Target(s)

  • OneSteel Sheet & Coil business from Arrium Limited

Market definition

Please refer to the attached Public Competition Assessment.

Competition analysis

Please refer to the attached Public Competition Assessment.

Public competition assessment

Timeline

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