How can this stock be down this morning? The improved results of 1H2021 had low price increase levels, BSL have been very kind to domestic steel users trailing import pricing. 2H2021 they start to ramp up with pricing now locked in till May already and June move is up and is still under import alternatives, hence IMHO their outlook is very conservative. Steel prices have moved up in the days post CNY and international buying demand is strong due to some sitting out the rapid price increases past 4 months, they now must buy! Hence demand up on international markets will lead to accelerating prices more so impacting 2H 2021 and also in to 1H 2022 IMHO.
Ann: Preliminary unaudited 1HFY21 underlying EBIT of around $530M, page-22
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Last
$21.40 |
Change
0.180(0.85%) |
Mkt cap ! $9.417B | |||
| Open | High | Low | Value | Volume |
| $20.85 | $21.40 | $20.85 | $54.61M | 2.563M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 6131 | $21.30 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.40 | 15849 | 4 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| BSL (ASX) Chart |