Australian steelmaker BlueScope sees Trump’s tariffs as a boon
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 17 2025
0mins
Source: Reuters
Impact of Tariffs on BlueScope Steel: BlueScope Steel anticipates increased profits in North America due to U.S. tariffs on steel and aluminum, with CEO Mark Vassella noting a 20% rise in steel prices since the announcement.
Financial Performance: Despite a 59% drop in net profit to A$179.1 million, BlueScope's results exceeded analyst expectations, leading to a 12% increase in stock price and a 20% hike in interim dividends.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
