Construction boom drives NZ Steel bounceback

Mon, 15 Aug 2022

Australian steel producer Bluescope is expecting another strong result from its New Zealand Steel operations in this financial year, although high coal costs may make it “moderately lower” than the A$256.6 million ($283.5m) operating earnings for the latest financial year.The company’s NZ and Pacific Islands segment produced underlying earnings before interest, tax, depreciation and amortisation (Ebitda) of A$1516m in the previous financial year, to June 30, 2021.The 2022 financial year result was produced on “robust dem...

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