Right now BSL would be providing Australian steel users the cheapest steel prices in the world, they follow an International Price Parity model that then incorporates a premium for the value they add with short lead times etc, right now they are playing price cycle catch up as international prices have increased so much and quickly. To that end China overnight announced reduction of VAT on steel exports...hence HRC now 13% more expensive in international markets. BSL have several quarters ahead of increases to come which will provide multiple profit upgrades...
Ann: BlueScope increases earnings guidance for 2H FY2021, page-17
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$20.51 |
Change
0.350(1.74%) |
Mkt cap ! $9.025B | |||
| Open | High | Low | Value | Volume |
| $20.15 | $20.62 | $20.08 | $24.72M | 1.207M |
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| No. | Vol. | Price($) |
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| 4 | 19859 | $20.50 |
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| Price($) | Vol. | No. |
|---|---|---|
| $20.52 | 2656 | 1 |
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| BSL (ASX) Chart |