Profits dive at steelmaker BlueScope
New Zealand Steel’s result was hit by soft demand and energy pricing.
Despite the result, BlueScope described its performance as ‘resilient’.
Profits have slumped at ASX-listed steel producer BlueScope, with the company citing “cyclically soft conditions and global uncertainty”.
BlueScope, which owns New Zealand Steel, today reported net profits after tax of A$83.8 million ($92m) for the year to June 30, down 90% from $721.9m in
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