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AAP

Derek Rose

Steelmaker's new CEO moves to cut costs on first day

BlueScope Steel Dynamics United States Australia Bluescope Steel SGH

The CEO of Australia's largest steelmaker has outlined her plans to move the company into a new era. (Aap Image/AAP PHOTOS)

BlueScope Steel's new chief executive has promised to cut costs by another $150 million a year in a bid to woo investors after Australia's largest steelmaker rebuffed an American-Australian consortium's takeover offer.

Tania Archibald started her role as BlueScope's managing director and chief executive on Monday, replacing Mark Vassella who has retired after eight years leading the Melbourne-based group.

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