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BlueScope increases guidance for underlying EBIT for January-June

Tuesday, 15 May 2018 14:29:50 (GMT+3)   |   Istanbul
       

Australian steelmaker BlueScope Steel has announced that it expects its underlying earnings before interest and tax (EBIT) for the six months ending June 30 to be around $680 million. This is above the prior guidance of approximately $606 million. 

According to BlueScope, the stronger performance has been driven mainly due to the stronger performance at its North Star mini-mill in Ohio on higher realized steel spreads and also the moderately better performance of its Australian Steel Products division, including higher margins on coke exports.


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