BlueScope Steel Ltd ESG Investor Briefing Day Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Lee Power - UBS Investment Bank, Research Division - Analyst : Lee Power UBS. people. Tim, maybe for you, just to be interested to hear just around customers' willingness to pay for responsible or environmentally aware steel and maybe what you actually think drives that? What do they want? Do they want low carbon, do they want trading? And where do we think it plays out? Because it feels, I guess, that customers are willing to pay for performance, but maybe the emissions tracing component has kind of lagged a little bit of what I probably thought it would help.

Question: Lee Power - UBS Investment Bank, Research Division - Analyst : So why do you think that actually is like -- like what do you think is holding back is that you just can't pass it on to consumer because it feels like the end market, the end consumer is well aware of sustainability and in other kind of areas are happy to pay for it and yet in steel, it feels like they're not. Philippa Stone I think that's not just steel. I think that's across the built environment more broadly. So we are starting to see some indicators that consumers are starting to be willing to pay, but very early signals, I'd say.