You are here: Home > Steel News > Latest Steel News > BlueScope...

BlueScope raises earnings guidance for H2 FY 2022-23 amid higher sales, prices

Wednesday, 26 April 2023 11:04:20 (GMT+3)   |   Istanbul
       

Australian steelmaker BlueScope Steel has announced that it has increased its guidance for underlying earnings before interest and tax (EBIT) for the second half of the financial year 2022-23 to $700-770 million, compared to the previous guidance of $480-550 million.

The main contributors to the improved outlook for underlying EBIT for the second half of the financial year 2022-23 are strong hot rolled coil prices and sales, and the expectation of higher production at the North Star facility.

The revised guidance is subject to sales, foreign exchange and market conditions.


Similar articles

BlueScope focuses on further North Star expansion, profit falls in FY 2023-24

21 Aug | Steel News

BlueScope reports a record profit for FY 2021-22

15 Aug | Steel News

BlueScope reports lower profit, may close New Zealand steel operations

17 Aug | Steel News

BlueScope posts lower profit, warns of coronavirus impact

24 Feb | Steel News

BlueScope’s sales revenues up 9% in FY 2017-18 due to higher steel prices

13 Aug | Steel News

BlueScope increases guidance for underlying EBIT for January-June

15 May | Steel News

BlueScope’s sales revenues up seven percent in H1 FY 2017-18

27 Feb | Steel News

BlueScope expects its US operations to benefit from US tax reform

21 Dec | Steel News

BlueScope registers increase in net profit in FY 2016-17

24 Aug | Steel News

BlueScope registers increased net profit in H1 FY 2016-17

20 Feb | Steel News