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Bluescope Steel ( (AU:BSL) ) has provided an announcement.
BlueScope Steel Limited has cancelled 217,877 ordinary fully paid shares as part of an on-market share buy-back, effective 15 December 2025. The reduction in issued capital reflects the company’s ongoing use of buy-backs as a capital management tool, which can enhance earnings per share and return surplus capital to shareholders, signalling confidence in its financial position and long-term outlook.
The most recent analyst rating on (AU:BSL) stock is a Buy with a A$27.50 price target. To see the full list of analyst forecasts on Bluescope Steel stock, see the AU:BSL Stock Forecast page.
More about Bluescope Steel
BlueScope Steel Limited is an Australian-listed steel producer operating in the metals and building materials industry. The company manufactures and sells steel products, including flat steel and coated steel, serving construction, infrastructure, automotive and other industrial markets across domestic and international regions.
Average Trading Volume: 3,056,368
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$10.42B
See more insights into BSL stock on TipRanks’ Stock Analysis page.