BlueScope posts $1b profit slide, warns on safeguard

Steelmaker BlueScope has reported a more than $1 billion fall in first-half net profit as economic conditions depress steel prices. BlueScope on Monday posted a first-half net profit after tax of $599 million, a $1.045 billion decrease on a year earlier. Shares in BlueScope tumbled 10.7 per cent, or $2.13, to $17.69 in morning trade. CEO […]

This post was originally published on Michael West.