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’.
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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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