Australian steelmaker BlueScope has adjusted its guidance for the remainder of this fiscal year due to rising steel prices and favourable market conditions for the company's US-based North Star operations, Kallanish understands.
The company's expectations have increased from a range of $1.2-1.35 billion to the adjusted range of $1.375 to $1.475 billion resulting from higher than anticipated steel spreads in the US.
In contrast to its US operatio…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.