Ms Tania Archibald, Chief Financial Officer, BlueScope, has delivered a presentation at the Bank of America Metals and Mining Conference.

BlueScope today announced that it now expects underlying earnings before interest and tax (EBIT) for 2H FY2022 to be in the range of $1.375 billion to $1.475 billion. This is above the prior guidance range of $1.2 billion to $1.35 billion, and is subject to spread, foreign exchange and market conditions.

BlueScope advises that Non-Executive Director, Mr Mark Hutchinson, has resigned from the Company’s Board effective 17 May 2022 to take up an executive role at another organisation. 

Ms Tania Archibald, Chief Financial Officer, BlueScope, has delivered a presentation at the Bank of America Metals and Mining Conference.

BlueScope today announced that it has entered into a binding agreement to acquire the Coil Coatings business from Cornerstone Building Brands, Inc (NYSE:CNR) for US$500 million, subject to customary adjustments. Coil Coatings is the second largest metal painter in the US, with a total capacity of around 900,000 tonnes per annum across seven facilities, predominantly serving commercial and industrial construction applications. 

On 21 February 2022, BlueScope Steel Limited released its half year financial results for the six months ended 31 December 2021.

BlueScope advises that the acquisition of the ferrous scrap steel recycling business of MetalX LLC completed on Friday, 17 December 2021 USA time. The transaction was completed on terms entered into and announced on 5 November 2021. The newly acquired business will operate under the name BlueScope Recycling and Materials.

At its Annual General Meeting today, BlueScope confirmed its previous guidance provided in October that 1H FY2022 underlying earnings before interest and tax (EBIT) will be in the range of $2.1 billion to $2.3 billion, subject to spread, FX and market conditions.

BlueScope today announced that it has entered into a binding agreement to buy the ferrous scrap steel recycling business of MetalX LLC, the leading supplier of scrap feed to its Ohio-based mini-mill business, North Star BlueScope Steel.

BlueScope and Rio Tinto have joined forces and signed a Memorandum of Understanding (MOU) to explore options for low-emissions steelmaking at Port Kembla Steelworks in New South Wales.