BlueScope has agreed to acquire from Arrium Limited its OneSteel sheet and coil processing and distribution businesses in Sydney, Brisbane, Adelaide and Perth, Australia.

BlueScope will pay inventory value at completion (as of Sept. 30, this was $23.1 million) for the assets and assumed liabilities.

“As with the pending acquisitions of Orrcon and Fielders from Hills Holdings, these OneSteel businesses are close to BlueScope’s core Australian operations,” said BlueScope’s Chief Executive Australia and New Zealand, Mark Vassella.