BlueScope reported a net profit after tax of $179.1 million for the first half of FY2025, representing a $260.2 million decrease from the same period last year, according to a statement released on Monday. The Australian steel manufacturer delivered an underlying EBIT of $308.8 million, with Managing Director and CEO Mark Vassella describing it as…
BlueScope Steel today cut guidance for earnings before interest and tax (EBIT) for 1H FY2025 on continued record China steel sales in the region and softness in North America in the countdown to the Presidential election. The company told investors it expected underlying EBIT to be in the range of $270 million to $310 million,…
Primary steel producer BlueScope Steel today reported FY2024 net profit after tax (NPAT) of $805.7 million – a $203.5 million decrease on FY2023 – the result coming with a warning of challenges ahead. In a statement the Managing Director and CEO Mark Vassella said: “Underlying EBIT for the year was $1.34 billion, representing a solid…
BlueScope Steel has unveiled a Master Plan to develop 200 Hectares (Ha) of non-steelmaking, excess landholdings adjacent to the company’s Port Kembla Steelworks in New South Wales. The Master Plan will see BlueScope transform the surplus land next door to its steelmaking plant, into what the company calls ‘a next generation multi-industrial precinct’ with potential…
By Peter Roberts Primary steel producer BlueScope Steel today announced its FY23 results and a decision to go ahead with the relining of its Number 6 blast furnace (6BF) at the Port Kembla Steelworks (pictured). However the company said the decision did not lock the company into a full, 20 year blast furnace operating life,…
