BlueScope was formed when
BHP Billiton spun-off its
steel assets on 15 July 2002 as
BHP Steel. It was renamed BlueScope on 17 November 2003. Early in 2004, BlueScope merged with the American firm Butler Manufacturing. Such a merger was considered a strategic move for both companies as they were similar in character and non-overlapping in the markets they operated in, such that acquisition of Butler, based in
Kansas City,
Missouri, would provide BlueScope with access to United States and Chinese markets. Butler was founded in 1901, operated in sixteen countries and focused on non-residential building and building component construction. In 2007, the company acquired four companies consisting of most of the United States holdings of the Argentinian firm
Ternium, those being Steelscape, ASC Profiles, Varco Pruden Buildings; and Metl-Span, which was acquired by
NCI Building Systems in 2012. The four companies had been held by the Mexican Grupo IMSA prior to their purchase by Ternium. In February 2014, BlueScope purchased
Orrcon Steel from
Hills. Its products included RHS, SHS and CHS structural tubular steel, hot-rolled structural steel and fencing, roofing and building accessories. Because of lower energy prices in the United States than in Australia, BlueScope in 2019 decided to expand its investment in America by $1 billion. ==Operations==