13
Aug
11:15
Margins drive BlueScope profits higher
Australia’s BlueScope saw its underlying Ebit rise 14.83% to AUD 1.27 billion on the back of an AUD 216.4 million boost from wider margins in the financial year ending June 2018. Going forward it expects to see its US operations, where it is expanding, driving further profit gains, Kallanish notes.
BlueScope’s Australian Steel Products arm saw shipments increase 4.5% to 2.21 million tones during the year. That was driven by an improving non-resi…
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Anonymous
Very good overview of the weekly steel market.
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