18
Aug
08:15
BlueScope may close New Zealand steel plant
Australian steelmaker BlueScope reported net profit for the 2019-2020 fiscal year through June 2020 of AUD 96.5 million ($69.79m), a decrease of -91% on-year. This includes a AUD 197m non-cash write-down of the New Zealand and Pacific Islands segment. Underlying net profit was AUD 353m, Kallanish notes.
The company's total underlying Ebit in the reporting year declined by -58% y-o-y to AUD 564m. Chief executive Mark Vasella says the result was …
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Very good overview of the weekly steel market.
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