BlueScope Steel's New Bull Sees Tariff Tailwind -- Market Talk

Dow Jones

Feb 03, 2025

2230 GMT - Tariffs are the latest tailwind for BlueScope Steel, prompting Citi to turn bullish on the Australian company's stock. U.S. steelmakers were already upbeat about the outlook for construction activity in the U.S. this year, supported by public spending, including on infrastructure. BlueScope owns the North Star steel mill in Ohio, so would benefit from better local conditions. Citi, upgrading BlueScope to buy from neutral, notes that U.S. tariffs on downstream steel products would be bullish for U.S. steel pricing. "We think the market will soon shift its focus to FY 2027 and steel tailwinds should enable BlueScope's Ebit to meet consensus (and Citi) expectations of A$1.3 billion," analyst Paul McTaggart says.(david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

February 02, 2025 17:30 ET (22:30 GMT)

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2508159094"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2508159094\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2508159094?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-02-03 06:30","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2508159094","market":"sh","top_or_hot":-1,"title":"BlueScope Steel's New Bull Sees Tariff Tailwind -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     2230 GMT - Tariffs are the latest tailwind for BlueScope Steel, prompting Citi to turn bullish on the Australian company's stock. U.S. steelmakers were already upbeat about the outlook for construction activity in the U.S. this year, supported by public spending, including on infrastructure. BlueScope owns the North Star steel mill in Ohio, so would benefit from better local conditions. Citi, upgrading BlueScope to buy from neutral, notes that U.S. tariffs on downstream steel products would be bullish for U.S. steel pricing. \"We think the market will soon shift its focus to FY 2027 and steel tailwinds should enable BlueScope's Ebit to meet consensus (and Citi) expectations of A$1.3 billion,\" analyst Paul McTaggart says.(david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 02, 2025 17:30 ET (22:30 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BlueScope Steel's New Bull Sees Tariff Tailwind -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBlueScope Steel's New Bull Sees Tariff Tailwind -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-02-03 06:30</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     2230 GMT - Tariffs are the latest tailwind for BlueScope Steel, prompting Citi to turn bullish on the Australian company's stock. U.S. steelmakers were already upbeat about the outlook for construction activity in the U.S. this year, supported by public spending, including on infrastructure. BlueScope owns the North Star steel mill in Ohio, so would benefit from better local conditions. Citi, upgrading BlueScope to buy from neutral, notes that U.S. tariffs on downstream steel products would be bullish for U.S. steel pricing. \"We think the market will soon shift its focus to FY 2027 and steel tailwinds should enable BlueScope's Ebit to meet consensus (and Citi) expectations of A$1.3 billion,\" analyst Paul McTaggart says.(david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 02, 2025 17:30 ET (22:30 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7129","symbol_name":"钢铁","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2508159094","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2508159094","pubTimestamp":1738535400,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2230 GMT - Tariffs are the latest tailwind for BlueScope Steel, prompting Citi to turn bullish on the Australian company's stock. U.S. steelmakers were already upbeat about the outlook for construction activity in the U.S. this year, supported by public spending, including on infrastructure. BlueScope owns the North Star steel mill in Ohio, so would benefit from better local conditions. Citi, upgrading BlueScope to buy from neutral, notes that U.S. tariffs on downstream steel products would be bullish for U.S. steel pricing. \"We think the market will soon shift its focus to FY 2027 and steel tailwinds should enable BlueScope's Ebit to meet consensus  expectations of A$1.3 billion,\" analyst Paul McTaggart says.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7129":"钢铁","BSL.AU":"BLUESCOPE STEEL LTD"},"translate_title":"博思格钢铁新牛市看到关税顺风车——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BSL.AU":0.9},"content_text":"2230 GMT - Tariffs are the latest tailwind for BlueScope Steel, prompting Citi to turn bullish on the Australian company's stock. U.S. steelmakers were already upbeat about the outlook for construction activity in the U.S. this year, supported by public spending, including on infrastructure. BlueScope owns the North Star steel mill in Ohio, so would benefit from better local conditions. Citi, upgrading BlueScope to buy from neutral, notes that U.S. tariffs on downstream steel products would be bullish for U.S. steel pricing. \"We think the market will soon shift its focus to FY 2027 and steel tailwinds should enable BlueScope's Ebit to meet consensus (and Citi) expectations of A$1.3 billion,\" analyst Paul McTaggart says.(david.winning@wsj.com; @dwinningWSJ) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 02, 2025 17:30 ET (22:30 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"policyRegulatory","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}