Tough times are a long long way away. Its no doubt a cyclical business albeit they have offset with premium inter-material products such as Colorbond and TrueCore...premiums not held by many if any other steel maker. Was told import steel prices for flat rolled have again rocketed the past week for arrival in to Oz 3rd qtr of 2021...more upgrades to come as BSL lag import pricing levels which i hear are nearing and well exceeding $2,000 per tonne for galvanised as an example. Lots of shortages in the market too, my concern is to building companies that are in fixed price agreements with huge increases in timber and steel, these guys are going to get squeezed if not already.
Tough times are a long long way away. Its no doubt a cyclical...
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$20.02 |
Change
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Mkt cap ! $8.838B | |||
| Open | High | Low | Value | Volume |
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