The OneSteel Board decided in February that it was appropriate to assess the benefits of renaming the company to reflect the significant change in the nature of its business over recent years.

OneSteel is now a mining, mining consumables, and steel business with an increasingly global orientation, rather than a domestic-focused steel company.

OneSteel said “The name Arrium provides a better association with the company’s current mining and materials businesses, as well as better accommodating its strategic growth focus on mining and mining consumables.

“The OneSteel brand is and continues to be a strong and valuable brand, and will remain an integral part of the company, with the Australian steel and recycling businesses retaining the OneSteel name.”

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The extraordinary general meeting (EGM) will be held on 8 May 2012 at the Four Seasons Hotel, Ballroom 1, 199 George Street, Sydney, commencing at 10:00am.

Should the resolution to change the company name be approved at the EGM, it will be effective from 2 July 2012.