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An update from Bluescope Steel Limited ( (AU:BSL) ) is now available.
BlueScope Steel Limited reported a net profit after tax of $179.1 million for the first half of fiscal year 2025, marking a $260.2 million decrease compared to the previous year. Despite challenges like soft steel spreads and demand conditions, the company achieved an underlying EBIT of $309 million, demonstrating resilience and a strong business position. BlueScope is investing in securing sustainable earnings through projects like the No.6 Blast Furnace Reline & Upgrade and electric arc furnace projects, and continues to focus on high-margin products such as COLORBOND® steel. The company’s financial strategy includes distributing substantial free cash flow to shareholders and maintaining a robust balance sheet, while also advancing its sustainability efforts and optimizing its working capital.
More about Bluescope Steel Limited
BlueScope Steel Limited is a leading company in the steel industry, primarily specializing in the production and supply of steel products. The company focuses on the Australian, New Zealand, and US markets, with a strong emphasis on value-added products like COLORBOND® steel, and has a significant operational presence in Asia.
YTD Price Performance: 19.98%
Average Trading Volume: 499
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $6.23B
See more insights into BSL stock on TipRanks’ Stock Analysis page.
