24
Jan
10:31
Bluescope profits surge on state support and prices
Australia’s BlueScope says it expect earnings before interest and tax of around AUD 600 million ($454m) in the six months ending December 2016, up from a previous estimate of above AUD 510 million. Higher steel prices were the key driver of the increase but the company has also benefitted from cost cutting and local government support, Kallanish notes.
The company says its Australian Steel Products segment earned AUD 240m, its US North Star BlueScope AUD 2…
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Anonymous
Very good overview of the weekly steel market.
Anonymous