Rocks , have not looked at this site for a while , love yours and tigers posts.
Good question re North Star $70m only.
Just wondering what steel scrap prices are? , maybe a contributing factor.I could not find relevant up to date info , sites want you to pay and join.
Also re colorbond prices , my understanding is that it is considered more of a product than commodity and is thus price more stable.
Again , just my understanding , when HRC are down Colorbond is the big profit contributor , when HRC are higher , tends to squeeze the colorbond profit.Eitherway , still good for BSL.
I believe BSL charge , internally , market HRC prices to zincalum and painting lines.(Port Kembla)
Great steel margins , Rocks , you must be close funding your retirement.
Ann: Preliminary unaudited 1HFY21 underlying EBIT of around $530M, page-91
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$22.02 |
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