Ann: Upgrade to full year guidance and trading update, page-9

Interesting to see that Blue Scope's update tells the same story than Capral yesterday.
Of course, I know that they are not on the same product, but they have some elements in common : both face a strong competition from Chinese imports and have some end markets in common (like housing), while Capral is domestic only while Bluescope has also a significant part of its business out of Australia.

Good to see that both benefit from a cyclical rebound.
However, the key point for Capral remains to know how long they can benefit from this return to local manufacturing. I guess trade tensions with China can only lead to more protection for domestic production in Australia, via tariffs.