Macquarie
22/02/2021
1
$21.60
22.24%
- COMMENTARY
BlueScope Steel's first-half results were in line with pre-release numbers, reveals a preliminary analysis, with net profit at $332.8m falling slightly short of Macquarie's expected $338.6m.
In the second half, operating income is guided to $750-830m versus Macquarie's $653.5m. The guidance assumes average US mini-mill spreads will be circa USD340/t higher half on half in the second half.
Ann: Preliminary unaudited 1HFY21 underlying EBIT of around $530M, page-25
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