Wayne Taylor
BlueScope Steel shares are set to head higher still according to stockbroking house Citigroup after the steel maker delivered yet another profit upgrade thanks to improving steel prices in its Australasian businesses and the benefits of strong trading and cost savings in its North American operations.
The fifth profit upgrade in 18 months for BlueScope underlines the big turnaround in fortunes for the company under chief executive Paul O’Malley, whose comprehensive restructuri…
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