one of its two Port Kembla blast furnaces will be closed because of loss export business.
It is possible a good idea to save dollars, and keeps BSL revival. but more jobs will be gone.
question is there is no choices for BSL , otherwise BSL will put in administration.
I would like to say, if domestic market gets better, BSL can till be a profitable company with cheaper coal supplied by local coal miners.
Also, import steel can be cheaper than produce from Port Kembla blast furnaces that is very similar to other industrial( aluminum window, construction materials etc...).
I think, market will positive react on this change.
We see when the market opens on monday.
change
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Last
$22.00 |
Change
0.185(0.85%) |
Mkt cap ! $9.635B | |||
| Open | High | Low | Value | Volume |
| $21.85 | $22.03 | $21.70 | $5.433M | 248.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 1297 | $21.99 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $22.00 | 370 | 10 |
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| Last trade - 14.34pm 07/10/2024 (20 minute delay) ? |
| BSL (ASX) Chart |