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BlueScope completes Sale of Taharoa Export Iron Sands Business

Following the announcement on 3 April 2017, BlueScope today announced that it had completed the sale of its  Taharoa Export Iron Sands Business.

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Sale of Taharoa export iron sands business

BlueScope today announced it has reached agreement to sell 100% of the shares in its Taharoa export iron sands business to Taharoa Mining Investments Limited (TMIL), a majority owned subsidiary of Taharoa C Block Incorporation (Taharoa C). Taharoa C is a Maori Incorporation with a wide shareholder base that owns the land at Taharoa.

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BlueScope 1H FY2017 financial results

On 20 February 2017, BlueScope Steel Limited released its half year financial results for the six months ended 31 December 2016.

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Expects half year underlying EBIT lift to $600M

BlueScope announced today that its preliminary unaudited underlying earnings before interest and tax (EBIT) for the six months ended 31 December 2016 is expected to be around $600 million, compared with prior guidance of at least $510 million. This represents growth of approximately 160 per cent on 1H FY2016.

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Australian business briefings and site visits

BlueScope provided a briefing for investors on its Australian business on 15 and 16 November 2016.

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BlueScope 2016 AGM update

At its Annual General Meeting in Melbourne today BlueScope updated its first half guidance. The Company expects underlying 1H FY2017 earnings before interest and tax (EBIT) to be at least $510 million, subject to spread, FX and market conditions. 

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BlueScope announces FY2016 financial results

BlueScope has today released its financial results for the twelve months ended 30 June 2016.

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Expects full year underlying EBIT lift to $570 million

BlueScope announced today that its preliminary unaudited underlying earnings before interest and tax (EBIT) for the year ended 30 June 2016 is expected to be around $570 million. Underlying EBIT in the second half is expected to be around $340 million, compared with prior guidance of around $270 million.

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Increases earnings guidance for half year to 30/06/16

BlueScope today announced that it expects underlying EBIT for the six months ending 30 June 2016 to be around $270 million. This updates guidance provided in February 2016 of up to $209 million.

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North Star BlueScope Steel plant incident

In the afternoon of Saturday 7 May a refractory failure allowed a wash out of molten steel from the South EAF shell, resulting in an explosion and fire at the North Star BlueScope Steel plant in Delta, Ohio in the United States. Emergency services responded quickly and controlled the fire.

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