Ann: Preliminary unaudited FY21 underlying EBIT of approx $1.72Bn, page-26

Be careful, just because BSL have put out prices to November doesn't mean they will be realised. As soon as global prices start to move down customers stop ordering and use the stock they have already received. They do not start ordering again until they have run out of stock or they see that prices have bottomed leading to a big hole in the BSL domestic order book . I have seen this in the Australian Steel industry a number of times after hefty price increases.

Anyway it's a bit of a different scenario at the moment with the global infrastructure spend looking firm for the next year or two. It doesn't look like global prices will turn in the near future so hopefully revenues will be high for the majority of FY22. I think the BSL announcements usually come out fairly early so I'll be online tomorrow morning looking to see what is in the reports.