20
Nov
10:30
BlueScope lifts first-fiscal-half-year Ebit guidance
Australian steel mill BlueScope Steel has raised the forecast for its underlying Ebit for the first half (H1) of the fiscal year through June 2021 (FY21) due to the recovery in steel demand. The adjusted figure is AUD 475 million ($346m), an increase of 39.7% from the previous AUD 340m, Kallanish notes.
The company also points out that the new forecast is 80% higher than the underlying Ebit in H2 FY20. "We now expect that Australian constr…
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Anonymous
Very good overview of the weekly steel market.
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