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BlueScope Steel

BlueScope Steel rebounding on cost cutting, but workforce resentment rising

ABC Online - ‎May 26, 2016‎
The future of its last blast furnace was under review, it was still haemorrhaging cash and there was no end in sight to the mountains of cheap Chinese steel crushing global markets. Roll forward 12 months and BlueScope has just announced its second ...
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BlueScope Steel sharply raises guidance

The Australian - ‎May 22, 2016‎
“The stronger performance has been driven largely by earlier delivery of targeted cost reductions, higher steel and iron ore prices, better than anticipated Australian domestic despatches and better than expected margins in the international businesses ...
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China steel demand gives leg-up to BlueScope, Arrium

The Australian - ‎May 23, 2016‎
Long-suffering Australian steelmakers are receiving a boost from a surge in Chinese demand; BlueScope Steel is on track for its best full-year profit in eight years and the administrators of the struggling Arrium have gained the confidence to start a ...

What's BlueScope Steel Limited Downside After Today's Huge Decline?

The Post - ‎May 24, 2016‎
The stock of BlueScope Steel Limited (ASX:BSL) is a huge mover today! The stock is up 0.82% or $0.05 after the news, hitting $6.14 per share.

BlueScope Steel Limited Rises A lot Today, Is Now One of The Best Performer

Wall Street Hints and News - ‎May 27, 2016‎
The stock of BlueScope Steel Limited (ASX:BSL) is a huge mover today! The stock increased 1.65% or $0.1 on May 27, hitting $6.15.
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Sen. Rob Portman: Trade Commission must use tools already in place to protect steel industry

Canton Repository - ‎13 hours ago‎
I have had the opportunity to see firsthand the world-class steel Ohio workers are producing at Vallourec Star in Youngstown, Nucor in Marion, TMK IPSCO in Brookfield, AK Steel in Middletown and Zanesville, Northstar Blue Scope Steel in Fulton County, ...

Why a leading fund manager says these 3 ASX shares are buys

Motley Fool Australia - ‎May 25, 2016‎
With Perpetual Limited (ASX: PPT) being one of Australia's most famous fund managers with $29.8 billion of funds under management, I feel it is always good to stay up to date with what it is buying or selling.

BlueScope May Have Peaked

FN Arena News - ‎May 23, 2016‎
Steel prices rallied in the first half of the year as global demand fundamentals improved, particularly in China, underpinning the stock.
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Here's why these 4 shares smashed the market today

Motley Fool Australia - ‎May 22, 2016‎
Bluescope Steel Limited (ASX: BSL) rose 7% to $6.24 today after the company upgraded its earnings guidance by 29% compared to its most recent forecast in February.

Stocks close 1.45pc stronger

The Australian - ‎May 24, 2016‎
On the negative side of the ledger, BlueScope Steel eased 1.15 per cent to $6.02 after it rose sharply earlier in the week, while gold miner Newcrest slumped 5.14 per cent to $19.02 as the precious metal's value dipped on the rising US rate-rise ...

Here's why these 4 ASX shares took a tumble today

Motley Fool Australia - ‎May 15, 2016‎
BlueScope Steel Limited's (ASX: BSL) share price has tumbled by around 3% to $5.45 so far today. The shares have been facing significant declines since an explosion occurred at the company's North Star plant in Ohio, United States.
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State gov key for Arrium

Whyalla News - ‎May 26, 2016‎
K&R Fabricators supplies steel to Bluescope in Port Kembla, and senior project engineer Ian Waters believes pressuring the NSW government to use Australian steel will be beneficial to Whyalla. “I think people in South Australia don't realise how ...

JPMorgan, Chanticleer and Mr Azuma pull two big lunch crowds

The Australian Financial Review - ‎May 24, 2016‎
... ASIC deputy chairman Peter Kell, Qube chief financial officer Paul Lewis, Westpac and Bluescope Steel director Ewen Crouch, JPMorgan CEO Rob Priestley and advisory council member Helen Coonan, ASX director and JPMorgan alumni Damian Roche, ...
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Chinese iron ore stockpiles pull prices lower; dollar dives

The Australian - ‎May 24, 2016‎
The improving outlook for steel, iron ore's end use, was evident this week in a $60 million profit upgrade from BlueScope Steel and a decision by the administrators of Arrium to accelerate a sale or recapitalisation process. Yesterday, Macquarie ...

AUSTRALIAN STOCKS SLIP, MINERS TANK: Here's what you need to know

Business Insider Australia - ‎May 23, 2016‎
BlueScope Steel, which revived its business in the face of a global steel glut, now says its expects earnings to be better than estimated.

NSW steel key to Arrium

Whyalla News - ‎May 26, 2016‎
A New South Wales fabricator has offered their assistance in the battle to save Arrium. K&R Fabricators supplies steel to Bluescope in Port Kembla, and senior project engineer Ian Waters believes pressuring the NSW government to use Australian steel ...
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Stocks fall on resources retreat

The Australian - ‎May 22, 2016‎
One shining light was BlueScope Steel, which surged 7.35 per cent to $6.28 after it sharply upgraded its second-half guidance, but Flight Centre slumped 8.93 per cent to $33.55 after it switched full-year earnings guidance from growth to contraction.

Sign shows the way to town

Mornington Peninsula News - ‎May 23, 2016‎
... and beautiful coastal scenery and to, of course, spend their money with our local businesses”. Using products from BlueScope Steel the sign was fabricated and installed by Westernport Signs, Western Port Laser Cutting, Hastings Steel and D & T Webster.

Miners lead ASX into the red

The Sydney Morning Herald - ‎May 22, 2016‎
But there was also a positive earnings surprise: Bluescope Steel surged 7.3 per cent to $6.28 on a profit upgrade fuelled by buoyant housing starts and cost reductions which helped push underlying pretax profit to around $500 million for the year to June.

Little future in Australia focussing on garden variety steel

Manufacturers' Monthly - ‎May 17, 2016‎
Though China isn't the sole reason for BlueScope's and Arrium's difficulties, its offloading of under-priced surplus steel is huge concern for them as well as for many countries. Arrium (which makes mostly rod and bar steel) and BlueScope (which makes ...