“We’re proud to have partnered with Tata Steel to build Tata BlueScope Steel into the successful business it is today. This transaction recognizes the value created over two decades and delivers a strong financial outcome for BlueScope. It also strengthens our focus in executing a range of growth investments and initiatives across our strategic portfolio,” said BlueScope Steel chief executive officer Mark Vassella. 

Established in 2005, Tata BlueScope Steel has become a prominent provider of coated and painted steel products in India, serving both building and construction markets.