Australia's BlueScope Steel falls as HY earnings seen at lower end of forecast

BLUESCOPE STEEL

17/11/2025 23:50

** Shares of BlueScope Steel BSL.AX fall as much as 9% to A$20.460, hitting their lowest level since October 15

** Stock logs its biggest intraday pct loss since February 20, 2023

** Steelmaker says it expects to post half-year underlying earnings before interest and tax (EBIT) at bottom end of forecast

** In August, co had said it expected to post HY EBIT between A$550 million and A$620 million ($357.12 million-$402.57 million)

** Co says "macroeconomic conditions remain mixed"

** Stock up nearly 18% this year, including day's move

($1 = 1.5401 Australian dollars)

 (Reporting by Rajasik Mukherjee in Bengaluru)

 ((Rajasik.Mukherjee@thomsonreuters.com))