Australia's BlueScope posts two-fold jump in first-half earnings

BLUESCOPE STEEL

15/02/2026 21:39

Feb 16 (Reuters) - Australia's BlueScope BSL.AX on Monday reported a more than two-fold jump in its first-half earnings due to stronger U.S. spreads, higher volumes across key markets, and solid cost performance.

The steelmaker posted underlying net profit after tax of A$382 million ($270.07 million), compared to A$176.4 million last year.

($1 = 1.4144 Australian dollars)

 (Reporting by Sneha Kumar in Bengaluru; Editing by Chris Reese)

 ((Sneha.Kumar@thomsonreuters.com;))