The company achieved a net profit of 1.57 billion Australian dollars by the end of June
The company had significant cash flow and planned to make a large investment to expand its operations at the North Star facility in Ohio, USA. It was reported that an investment of 500-700 million US dollars would be required to expand the facility.
It is estimated that the expansion will take 2-3 years
The plan is to build a third electric arc furnace and a second flat steel casting machine for the expansion of the North Star facility. The expansion is estimated to take about 2-3 years.
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