Will strategic acquisitions pay off for BlueScope Steel (ASX: BSL)?

Wed 25 Oct 23, 12:25 PM | Team Kalkine

Image source: Pixabay

Highlights

BlueScope Steel, a steel manufacturer, has recorded revenue of AUD 18.24 billion in FY23

Recently, BSL has downgraded its earnings guidance for 1HFY24 from AUD 700 – 770 million to AUD 620 – 670 million

The expansion of North Star is expected to add nearly 850k tonnes every year

BlueScope Steel Limited (ASX: BSL) is an ASX-listed steel manufacturer which is focused on offering steel products, systems, materials and technologies across Pacific islands, North America, New Zealand, Australia and throughout Asia.

In the financial year 2023, the company reported a 4.1% YoY fall in revenue to AUD 18.24 billion, a 64.1% YoY decline in net income to AUD 1.01 billion and a 40.2% YoY decrease in total debt to AUD 787 million.

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