|In June 2001, Sysco hired a consortium of companies
to sell off the assets of Sydney Steel Corporation.The consortium
In August 2001, a two-day auction was held where many of the assets
of the plant were sold -- surpassing expectations by raising just
over $1 million. Assets for sale ranged from computers, to large
technical equipment, to smaller hand tools and office supplies.
There are items currently for sale, they may be seen in the Used
The larger steel-making assets of the plant were marketed separately
and directly to potential buyers around the world through a private
treaty sale. This included the electric arc furnace, bloom caster,
slab caster, rolling mill and roll shop.
In February 2003, Sysco reached an agreement with Maxsteel Ltd.
of the UK for the purchase and removal of the plant’s larger