Liberty have their own Iron Ore mines so the current high Iron Ore prices put them at an advantage over producers that need to purchase their Iron Ore. It's a bit strange but generally Steel mills profits are high when Raw Material prices are high as Steel prices generally go up more than the raw material prices and therefore their overall margins increase ( Current situation). The critical point comes when supply exceeds demand ,raw material prices decrease, steel prices drop and margins are squeezed. BSL are well placed to survive this situation with their current strategy of maximising domestic sales and expansion in the USA.
Ann: Preliminary unaudited 1HFY21 underlying EBIT of around $530M, page-57
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Last
$20.43 |
Change
0.110(0.54%) |
Mkt cap ! $8.990B | |||
| Open | High | Low | Value | Volume |
| $20.32 | $20.58 | $20.15 | $35.06M | 1.717M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 308 | $20.42 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.43 | 3123 | 2 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| BSL (ASX) Chart |