The market hasn't valued BlueScope at its true value for over a decade.
This is a pretty resilient performance for bottom of the cycle conditions. EBIT at around $700 million )forecast for the year) isn't a bad effort considering the OLD BlueScope that nearly went bankrupt would have run at losses. US Steel spreads have slowly increased from their lows which is promising.
BSL Price at posting:
$23.49 Sentiment: Buy Disclosure: Held
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