Port Kembla Port Corporation have turned a profit despite a drop in steelmaking at BlueScope.
The port corporation’s annual report shows it made a profit of $19.5 million, up from $17 million the previous year, the Illawarra Mercury reported.
Corporation chief executive Dom Figliomeni said diversifying had ensured the port stayed viable.
He said the effect of the BlueScope reductions only been felt for "eight or nine months" of the financial year.
"We've got quite a big mix of trade and BlueScope is not really a significant revenue-earner.
"The cars are our main revenue-earner so that's a big focus for us," he said.
The cars port terminal was introduced at the Port Kembla site in 2008 and made up more than half of the value of trade through the port.
Figliomeni said the terminal was an example of how the corporation was moving away from its reliance of BlueScope and grain for revenue.
"It's important to make sure you diversify your revenue base to make sure you don't rely totally on one commodity."
Image: stephenjones.org.au