Steelmaking giant BlueScope is investing in a $1 billion expansion in the United States, with energy costs one-third of those in Australia.

They have announced a huge expansion to a key mill in the United States which has the benefit of lower energy costs.

BlueScope CEO Mark Vassella tells Ross Greenwood he is concerned about the impact of energy prices.

“We still face energy costs in this country that are too high.

“The energy costs for our investment in North America are about a third of what we would pay in Australia.

“We’ve got to have a situation where there is more suppliers of energy in Australia.”

Click PLAY to hear the full interview