BlueScope's steely resolve pays off

After a traumatic restructuring process, BlueScope Steel has laid the foundations for future growth and stability while maintaining a conservative balance sheet.

For the first time since it was almost overwhelmed by the financial crisis, there was a more confident and optimistic tone emanating from BlueScope Steel, echoed by the sharp spike in the group’s share price today.

As recently as last August (when it unveiled its full-year results), both BlueScope and the market were uncertain whether the worst was behind the group, after five years of trauma and massive and costly restructuring.

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