BSL SP falling rapidly. Is it mainly due to the price of iron ore falling? Well, it is plumbing to decade lows. Iron ore is currently trading at $US38s per tonne. Futures contracts for iron ore are priced less than spot rate (eg, Dec 16 @ $US34s, Dec 17 @ $US34 even, and Dec 18 @ $US33s). Not good!
However, BSL has strategically restructured, gained agreement to reduce $200m in costs at Port Kembla, has a diversified business and multi-country portfolio, and unique and innovative products. Surely, the falling share price is an over-reaction. Yes?
BTW, the average target price for BSL by 13 analysts is $5.12, with 7 indicating an "Outperform" and 4 stating a "Buy".
BSL SP falling rapidly. Is it mainly due to the price of iron...
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Last
$22.41 |
Change
0.180(0.81%) |
Mkt cap ! $9.835B | |||
| Open | High | Low | Value | Volume |
| $22.17 | $22.47 | $22.15 | $6.930M | 309.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 958 | $22.41 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $22.42 | 828 | 14 |
View Market Depth
| Last trade - 12.18pm 16/09/2025 (20 minute delay) ? |
| BSL (ASX) Chart |