21
Oct
08:30
BlueScope increases half-year earnings guidance
Australian steel producer BlueScope expects higher underlying earnings before interest and tax (Ebit) for the first half of the fiscal year 2022 (FY22), due to stronger spreads, prices and demand.
The new guidance has been set in the range of AUD 2.1 billion-AUD 2.3 billion ($1.57-1.72 billion), an increase of 16.7% compared to the prior forecast, Kallanish reports.
Managing director and chief executive Mark Vassella says: “The performance continues to demo…
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Anonymous
Very good overview of the weekly steel market.
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