Industry News

Bluescope Steel increases earnings guidance on strong US steel growth

Views : 97
Update time : 2023-04-24 16:04:11

The Australian steel producer on Monday increased its earnings guidance to between $700 million and $770m for the second half of the financial year, flagging its North Star mini-mill in the US would see a 50 per cent jump in earnings compared to the first half of the year.

Its an uplift of 40 to 45 per cent on Bluescope’s initial earnings before tax and interest guidance for the period which stood at $480m to $550m.

The company noted the increase particularly at North Star was being driven by stronger-than-expected prices and spreads for hot rolled coils.

Related News
Read More >>
The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today
Mar .12.2025
The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today
Uzbekistan’s aluminium cans manufacturing unit to reduce dependency on imported aluminium packaging Uzbekistan’s aluminium cans manufacturing unit to reduce dependency on imported aluminium packaging
Mar .12.2025
Uzbekistan’s aluminium cans manufacturing unit to reduce dependency on imported aluminium packaging
Two contrast sequences set to boost China’s aluminium smelters’ profitability, offsetting tariff losses. What are they? Two contrast sequences set to boost China’s aluminium smelters’ profitability, offsetting tariff losses. What are they?
Mar .12.2025
Two contrast sequences set to boost China’s aluminium smelters’ profitability, offsetting tariff losses. What are they?
International crude oil prices increase on Mar 11 International crude oil prices increase on Mar 11
Mar .12.2025
International crude oil prices increase on Mar 11