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BlueScope Steel Announces Director’s Share Acquisition

Story Highlights
  • BlueScope Steel is a key player in steel manufacturing with a strong market presence.
  • Director Mark Vassella’s family trust acquired 143,415 shares, aligning with performance goals.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
BlueScope Steel Announces Director’s Share Acquisition

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Bluescope Steel ( (AU:BSL) ) has issued an update.

BlueScope Steel Limited announced a change in the director’s interest, specifically concerning Mark Vassella. The change involved the acquisition of 143,415 ordinary shares by Mr. Vassella’s family trust, Allessav Nominees Pty Ltd, increasing their total indirect holdings. This acquisition reflects the vesting of rights and suggests a strategic alignment with the company’s performance goals, potentially impacting the company’s governance and stakeholder confidence.

The most recent analyst rating on (AU:BSL) stock is a Hold with a A$24.00 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 a prominent player in the steel manufacturing industry, known for producing a wide range of steel products. The company focuses on delivering high-quality steel solutions and has a significant market presence in the Asia-Pacific region.

YTD Price Performance: 24.10%

Average Trading Volume: 1,386,060

Technical Sentiment Signal: Buy

Current Market Cap: A$10.05B

For a thorough assessment of BSL stock, go to TipRanks’ Stock Analysis page.

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