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December, 2018 8:08 PM



Bluescope Steel lifts HY earnings guidance

Bluescope Steel lifts HY earnings guidance

Bluescope Steel expects underlying earnings for the six months to June 30 to be about $680 million, compared to February's guidance of $606 million.

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By AAP 15.05.2018 09:04 AM

Bluescope Steel has lifted its first-half earnings guidance about 12 per cent largely thanks to a strong performance in North America.

The company expects underlying earnings before interest and tax for the six months to June 30 of about $680 million, compared to February's guidance of $606 million.

The increase was mainly due to Bluescope's North Star mini-mill in Ohio, although higher margins on export coke sales also helped its Australian steel business.

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