ASX Announcements
BlueScope AGM trading update - confirms prior guidance
Trading Update, Company Administration - Other, Chairman's Address to Shareholders
- Nov 19, 2024
- 2 pages
This Month
Market winners and losers from Trump’s landslide
Australian superannuation funds, small caps and renewable energy will celebrate and despair as the Republican returns to the Oval Office.
- Joanne Tran, Sarah Jones and Jonathan Shapiro
October
- Exclusive
- Manufacturing
Gupta’s InfraBuild slumps to loss as it props up ailing empire
Confidential documents show the company, which traces its roots back to BHP’s steel empire, won’t collect $6 million that it had loaned the British businessman.
- Simon Evans
Myer buys Lew’s brands; Trump in damage control; Vanguard eyes super
Read everything that’s happened in the news so far today.
BlueScope slashes profit outlook, warns of surging Chinese exports
The country’s largest steelmaker says it has been forced to cut prices as Chinese producers manage excess capacity and grapple with a slowing domestic economy.
- Simon Evans
- Opinion
- Energy
Gas shows the way to more renewables
There’s increasing focus on the crucial role of gas to support the energy transition. But bankers and politicians are yet to get the message.
- Jennifer Hewett
Why BlueScope needs gas for green transition
BlueScope head of climate change Anna Matysek tells the AFR Energy & Climate Summit iron-making is the "highest abatement use case for gas".
- Updated
Bank ban on gas at odds with net zero transition: energy CEOs
Rob Wheals, CEO of the Andrew Forrest owned Squadron Energy, says debanking gas projects is “a problem” given how important it is to underpinning renewables.
- Ronald Mizen
September
Platinum rejects bid; BlueScope circles Whyalla; BYD’s new ute
Read everything that’s happened in the news so far today.
BlueScope sounded out as Whyalla steelworks rescuer
Sanjeev Gupta’s empire is showing further signs of distress as creditor defaults tick up against his other businesses in Australia, InfraBuild and Tahmoor coal.
- Simon Evans and Elouise Fowler
Three ASX stocks to buy today (and three more to avoid)
Australian fund managers have provided their take on the good, the bad and the ugly on the sharemarket after reporting season.
- Joshua Peach and Jonathan Shapiro
GFG Alliance’s bills mount as the Whyalla Steelworks begins to strain
The South Australian government says it is important not to “create a panic” even as some suppliers to the Sanjeev Gupta-run business lodge default notices.
- Simon Evans and Elouise Fowler
August
- Opinion
- Chanticleer
China’s growth nightmare just washed up on the ASX
From BlueScope Steel to A2 Milk, China’s massive economic problems are starting to weigh on ASX earnings. And there are no easy fixes.
- James Thomson
- Opinion
- Chanticleer
Why Australian shares will get more expensive before they get cheaper
Two things can drive share prices: earnings, and how much investors are willing to pay for those earnings. Reporting season puts the focus on the latter.
- Anthony Macdonald
BlueScope warns of rough time for ‘Team Australia’ on China slump
CEO Mark Vassella says steel spreads have tumbled by more than half as China mills flood the market, and the tough conditions will hit profits hard in the first half of 2024-25.
- Simon Evans
May
Sanjeev Gupta’s InfraBuild accuses Chinese rivals of bending rules
The British industrialist’s Australian steel business wants regulators to curb Chinese suppliers of steel mesh used here in residential concrete foundations.
- Simon Evans
Sanjeev Gupta calls in rival to help Whyalla steelworks strife
Steel traders say customers of the Whyalla steelworks, which has been offline for almost two months, are ordering supplies from Asia amid uncertainty over a restart date.
- Simon Evans
April
- Opinion
- Australian economy
Albanese makes manufacturing his future
Labor wants to promote a future made in Australia. He knows it will have political appeal. What about the economics?
- Jennifer Hewett
- Opinion
- Chanticleer
‘Big Short’ hero’s new big idea is one Aussie investors can ride
Famed US investor Steve Eisman says that when things are good, markets trade on stories. But there’s one theme that stands out from the rest.
- James Thomson
Clock ticks on BlueScope’s dibs at South32’s $2.5b coal sale; DD afoot
The confidential deed grants BlueScope 60 business days to look at the books, followed by another 20 days to exercise its matching rights.
- Sarah Thompson, Kanika Sood and Emma Rapaport
March
Rio bows to investor pressure on green-steel spending
Big investors led by Fidelity and the Australian Council of Superannuation Investors have twisted its arm regarding disclosures.
- Brad Thompson