Bluescope Steel Limited (AU:BSL) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
BlueScope Steel Limited has confirmed its earnings guidance for the first half of fiscal year 2025, anticipating underlying EBIT between $270 million and $310 million. Despite facing challenges like soft spreads in Asia and global economic uncertainty, BlueScope remains confident in its long-term resilience due to its strong North American position and focus on value-added products. Additionally, the company plans to enhance earnings through $200 million in cost and productivity initiatives, leveraging its robust balance sheet and dedicated workforce.
For further insights into AU:BSL stock, check out TipRanks’ Stock Analysis page.