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BlueScope Steel Ltd (BSL.AX)

BSL.AX on Australia Stock Exchange

12.20AUD
23 Mar 2017
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Latest Key Developments (Source: Significant Developments)

Bluescope Steel says Australian Steel Products (ASP) on track for at least $300 mln savings in FY2017
Sunday, 19 Feb 2017 03:42pm EST 

Bluescope Steel Ltd :ASP on track for at least $300m savings in FY2017.  Full Article

Bluescope Steel approved on-market share buy-back of up to $150 mln
Sunday, 19 Feb 2017 03:40pm EST 

Bluescope Steel Ltd : Board has approved an on-market share buy-back of up to $150 million .Buy-back will be funded from free cash flow; board is targeting returns to shareholders, including capital management, of 30-50 % of free cash flow.  Full Article

BlueScope Steel posts HY reported NPAT of $359.1 mln
Sunday, 19 Feb 2017 03:39pm EST 

BlueScope Steel Ltd : HY reported NPAT $359.1 million versus $200.1 million last year . HY sales from continuing operations $5,185.1 million versus $4,430.0 million . Expect 2H FY2017 underlying ebit approaching 50% higher than 2H FY2016, which was $340.4M . Interim ordinary dividend 4.0 CPS . Expect 2H FY2017 underlying net finance costs to be lower than 1H FY2017 due to lower average net debt .Higher underlying tax rate due to regional mix of earnings and similar profit attributable to non-controlling interests to 2H FY2016.  Full Article

BlueScope Steel posts FY underlying NPAT of $293.1 million
Sunday, 21 Aug 2016 05:30pm EDT 

BlueScope Steel Ltd : Says FY underlying npat of $293.1 million . Says FY sales revenue of $9.18 billion . Expect 1h FY 2017 underlying EBIT to be around 50% higher than 2h FY 2016 which was $340.4M . Expect 1h FY 2017 underlying net finance costs to be lower than 2h FY 2016 . Expect slightly higher underlying tax rate and similar profit attributable to non-controlling interests to 2h FY 2016 . Says final dividend of 3.0 cps . There continues to be significant short-term fluctuation . Another economic downturn in developed economies or slower growth in China, could affect demand for co's products and financial prospects . Forecasters expect a general slow-down in steeldemand impacting our Australian business over the next few years" .  Full Article

BlueScope Steel updates on earnings guidance
Thursday, 14 Jul 2016 01:39am EDT 

BlueScope Steel Ltd : Earnings update . Bluescope expects full year underlying EBIT lift to $570M . Net debt reduced by approximately $600M" . Says preliminary unaudited net debt at 30 June 2016 is expected to be around $780 million . Says underlying EBIT in the second half is expected to be around $340 million .  Full Article

BlueScope Steel increases earnings guidance for half year ending June 30, 2016
Sunday, 22 May 2016 06:23pm EDT 

BlueScope Steel Ltd : Earnings update . Expects underlying EBIT for the six months ending 30 June 2016 to be around $270 million .  Full Article

BlueScope Steel updates on steel plant accident
Sunday, 8 May 2016 07:48pm EDT 

BlueScope Steel Ltd : North star Bluescope Steel plant incident . Says company is still assessing the damage . Says "plant continues to produce steel by operating the second eaf . Expects lost production of approximately 35,000 metric tonnes ,total financial pre-tax cost to be US$5 million . Explosion and fire at the north star Bluescope Steel plant in Delta on 7 may 2016 .  Full Article

BlueScope Steel prices US$500 million senior unsecured notes offer
Thursday, 28 Apr 2016 07:37pm EDT 

BlueScope Steel Ltd:Bluescope prices US$500 million senior unsecured notes offer.Says intends to use the net proceeds to repay outstanding amounts under its US$300 million unsecured bridge facility.  Full Article

BlueScope Steel updates on north star acquisition
Sunday, 25 Oct 2015 05:30pm EDT 

BlueScope Steel:Bluescope moves to full ownership by acquiring remaining 50% of North Star -unique Investment Opportunity.Says the transaction will take bluescope's ownership of north star to 100 per cent.Says agreed to acquire cargill's 50 per cent share of north star Bluescope Steel llc for US$720 million.Says anticipated that the transaction will be funded through a combination of U.S. capital markets issuance and longer term bank debt Says a fully funded interim facility is in place to support the acquisition.  Full Article

BlueScope Steel Ltd reached a Memorandum of Agreement with unions and employees at Port Kembla
Wednesday, 7 Oct 2015 07:32pm EDT 

BlueScope Steel Ltd:Says co reached a Memorandum of Agreement with unions and employees at Port Kembla, on a "game-changing approach" to its workforce structure and a new 3 year Enterprise Agreement.Says the new three-year enterprise agreement, including a three-year wage freeze and new streamlined provisions for the introduction of workplace restructures, has been settled without any industrial action.Unions have also agreed to suspend the Port Kembla wages bonus scheme.Approximately 300 manufacturing jobs will be removed in wide-ranging restructuring and productivity reforms agreed under the mediation guidance of the Fair Work Commission's Vice President Hatcher.A further 200 support and service positions will also be eliminated.  Full Article

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