Fair enough. However, their export market is now finished so domestic would have to keep them afloat here. I believe the way the company is handling the redundancies (absolutely convoluted and long drawn out) is disgraceful and I do not see a future for domestic steel production for this particular company. The world has changed and I do not see economies bouncing back in any hurry to pay for overpriced steel. I would think it would be high risk lending money to a company in this position with no real forward plans and a looming carbon tax that will impact local manufacturing.
You cannot compare Onesteel to Bluescope anymore. Onesteel has a profitable business model and is making the changes/cuts necessary in regards to steel production, quickly and effectively. Iron Ore will become their main play.
Fair enough. However, their export market is now finished so...
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Last
$20.69 |
Change
0.270(1.32%) |
Mkt cap ! $9.105B | |||
| Open | High | Low | Value | Volume |
| $20.40 | $20.87 | $20.28 | $33.26M | 1.609M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4974 | $20.61 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.69 | 15078 | 1 |
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| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| BSL (ASX) Chart |