BlueScope profit at 20-year high, eye on grid stability
The chief executive of Australia’s biggest steelmaker, BlueScope, says long-term demand for steel from the build out of e-commerce logistics warehousing, green energy infrastructure and regional housing should keep underpinning strong profits over the next few years.
BlueScope on Monday posted its highest first-half profit since being split off from BHP two decades ago, lifted by booming demand for steel products in North America and Australia, and robust margins.
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