Have you had a look at the price of iron ore lately? BlueScope are only in the position they are in now(profitable) because they continue to control their costs. (eg close blast furnaces, reduce imports, etc.)
I believe the cost of Timber & Tiles are also increasing significantly with poor supply levels especially for timber. I'm told builders seem to be switching to steel to ensure they can continue to work. It will be interesting to see domestic steel sales levels when the the first half results come out.
Have you had a look at the price of iron ore lately? BlueScope...
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$20.56 |
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