BlueScope has seen a big drop to its bottom line in the last financial year - but it still made more than a billion dollars.
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The steelmaker's CEO Mark Vassella on Monday reported a $1.015 billion profit after tax for the 2019 financial year.
While an impressive result, it was down on last year's $1.5 billion return.
The returns in the Australian Steel Products division - which includes the Port Kembla steelworks - were down as well.
The division had a before-tax earnings of $535.4 million, down 9 per cent on last year's result.
Part of that drop was put down to reduced demand due to some slowing in construction activity.
Mr Vassella also announced a plan to invest $700 million in expanding its North Star mill in the United States.