Just thinking the same thing. 10%+ EBIT upgrade and we're still lower than we were 2 days ago. Underperforming the XJO 10%+ on a 6 month timeframe and down 25%+ from the high of $26.15. We are not an iron stock moron market. What info is being priced in is beyond me. US hot rolled steel is down only 2.5% from its peak and everyone gets all antsy about peak steel... It is still up 280% since April last year and around double the previous peaks in 2010 and 2018. Perhaps higher energy input costs are a worry and of course there is Evergrande. Interested to see brokers reaction to the profit upgrade tomorrow, could wake up this sleepy market
Ann: BlueScope increases 1H FY2022 earnings guidance, page-6
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