Bluescope Steel Limited (AU:BSL) has released an update.
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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.
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