BlueScope steels itself for more uncertainty

BlueScope shares plunged on the back of an uncertain outlook statement, but its underlying profit of $30 million suggests its restructure is bearing fruit.

BlueScope Steel shares, which have been surging over the past year, got smashed today despite a near-$1 billion turnaround in the group’s earnings. The market appears to have concluded that might be as good as it gets for a while.


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