much lower profits very possible

With the slow down and danger in the US housing market and henceforth the US economy, as well as the housing etc repercussions in Asia Bluescopes products would need to find markets, Most certainly would not be in great and ever increasing demand.
Hence the shares retraction from today.

Cost of raw materials looks like not falling too much, $350mill to be spent on 5B/F, the CEO preparing to leave and probably to sell his shares at the current high level and that is the story.

Probably expect the share to retract to the $7 mark provided the Americans don't generate some collapse in China. There was some talk recently of them placing tarrifs on Chinese imports. Would that not slow the rampaging Chinese economy?

Just my summations of those things currently being written.