I couldn't wait any longer so I sold my underperformed stocks to buy Bsl.
Europe and US demands are very strong.
https://www.spglobal.com/platts/en/market-insights/latest-news/metals/030921-german-steel-pricing-sentiment-bullish-for-march-inventories-expected-lower-platts-survey
China is playing a hard ball on base metal manufacturers to push for greener industrialisation therefore the country estimated a lower GDP figure of 6% compared to the forecast of 7-8%.
Iron ore price will fall futher and It's very good for Bsl to lift its earning forecast amid the company is already on track to deliver good profits due to stronger demands.
Ann: Preliminary unaudited 1HFY21 underlying EBIT of around $530M, page-42
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Last
$22.02 |
Change
0.210(0.96%) |
Mkt cap ! $9.635B | |||
| Open | High | Low | Value | Volume |
| $21.85 | $22.09 | $21.70 | $14.93M | 679.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1019 | $22.02 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $22.03 | 2749 | 2 |
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| Last trade - 16.10pm 07/10/2024 (20 minute delay) ? |
| BSL (ASX) Chart |