21
Feb
09:17
BlueScope’s half-year profit slumps despite stable revenues
Australia-headquartered steelmaker BlueScope has reported slumping profits for the first half of the fiscal year 2023 (FY2023), despite its sales revenues remaining stable, Kallanish notes.
For the period July-December 2022 (H1 FY23), BlueScope delivered a sales revenue of AUD 9.32 billion ($6.42 billion), down just 1% year-on-year primarily due to lower selling prices driven by lower global prices. Meanwhile, this was offset by “stronger despatch volumes, t…
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Anonymous
Very good overview of the weekly steel market.
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