BlueScope Steel Confirms Underlying Earnings Guidance for Fiscal H1

MT Newswires Live

2024-11-19

BlueScope Steel (ASX:BSL) confirmed its guidance of AU$270 million to AU$310 million in underlying earnings before interest and tax for the first half of fiscal 2025, according to a Tuesday filing with the Australian bourse.

The company also flagged "challenging" operating conditions in the global steel industry and disclosed its target of roughly AU$200 million of cost and productivity initiatives across the group.

Meanwhile, the steel producer said Chief Legal Officer Debra Counsell, Chief Executive Climate Change and Sustainability Gretta Stephens, and Chief Executive BlueScopeX Andrew Garey will retire in the coming months.

Price (AUD): $20.94, Change: $+0.07, Percent Change: +0.34%

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