$12/share??? It was that in about Mar/June 2008 if I recall...

$12/share??? It was that in about Mar/June 2008 if I recall right. Back then it still managed $596 million profit. But if it can get back to these good days(2005) then it may turn into a '10 bagger':

Bluescope reports third consecutive record profit
Australia's largest steel maker, Bluescope Steel, has announced a 72 per cent increase in annual profit.
The company has posted a net profit of more than $1 billion for the year to June 30.
It says the result - the company's third consecutive record result - is due to higher steel prices.
Bluescope's revenue was also a record - up 38 per cent to $7.9 billion.

Good luck with your current SP. I realise some are probably nowhere near break even point let alone a profit. They will sort themselves out and if you're long then all the better ;)