26
Oct
10:25
Bluescope expects higher earnings and continued steelmaking
Australia’s Bluescope expects a 40% jump in ebitda in July-December versus January-June, according to its latest outlook update. It added that successful cost cutting meant it could keep its Australian steelmaking operations open, Kallanish notes.
The steelmaker had predicted no real growth in its earlier outlook but said that earlier-than-expected cost reductions, better Australian construction demand and a favourable USD/AUD exchange rate could…
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Anonymous
Very good overview of the weekly steel market.
Anonymous