Bluescope Profit Set to Match Earlier Half

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BlueScope Steel has confirmed first-half guidance for an underlying net profit similar to the $89.6 million result in the second half of 2013-14.

Australia’s biggest steelmaker was encouraged by demand in the nation’s housing construction market, US trading conditions and the continued strength of trading conditions in South East Asia.

“The company’s continued turnaround and progress on growth initiatives have laid a solid foundation for a future return to paying dividends,” BlueScope chairman Graham Kraehe told shareholders at the company’s annual general meeting in Melbourne.


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