Australia's BlueScope Steel hits over two-month high on revised EBIT outlook
26/10/2026 01:04
BUZZ-Australia's BlueScope Steel hits over two-month high on revised EBIT outlook ** Shares of Australia's BlueScope Steel BSL.AX gain as much as 6% to A$34.300, their biggest intraday gain since January 15
** Stock touches its highest level since August 11
** The steelmaker upgrades its first-half underlying EBIT up to A$1.1 billion ($772.42 million) from previous guidance range of A$860 to A$960 million
** Company adds the North America region is now expected to deliver a first-half fiscal year 2027 result around two-thirds higher than H2 FY26
** BSL stock up 45.3%, YTD
($1 = 1.4241 Australian dollars)
(Reporting by Keshav Singh Chundawat in Bengaluru)
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