Ellis,the son of former BHP chairman Jerry Ellis,had pleaded guilty to the charge which stemmed from him encouraging his colleagues to give false evidence to the Australian Competition and Consumer Commission (ACCC) during its investigation.
Ellis will also have to pay a $1000 penalty and will be required to be of good behaviour for a period of two years starting on December 15.
Ellis'father was chairman of BHP in the late 1990s,as well as being a former director of ANZ Bank,Newcrest Mining and the former Chancellor of Monash University.
The ACCC is also pursuing BlueScope and Ellis in the Federal Court over civil breaches relating to alleged cartel conduct by the steel giant.
Ellis was the former general manager of sales and marketing at BlueScope.
In the civil case,the ACCC alleges Ellis and BlueScope attempted to induce various steel distributors in Australia and overseas manufacturers to enter agreements to fix or raise prices for flat steel products supplied in Australia.
Flat steel products are essential materials used in construction,building,manufacturing,automotive and transport industries.