Australia's BlueScope Steel rises on sale of land for $50.9 million

BLUESCOPE STEEL

29/12/2025 23:55

** Shares of BlueScope Steel BSL.AX rise as much as 1.4% to A$24.30, their highest level since December 18

** Marks steepest intraday rise in a week

** Steelmaker exchanges contracts with a home builder for the sale of 33 hectares of residentially zoned land in West Dapto

** To sell the land for A$76 million ($50.86 million)

** Stock is up 29.7% YTD, including the session's moves

($1 = 1.4943 Australian dollars)

 (Reporting by Anjali Singh in Bengaluru)

 ((anjali.singh2@thomsonreuters.com;))