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Bluescope Sees Prelim FY Underlying EBIT Around $560 Million
2020-07-17 08:59
BlueScope Steel Ltd:Expects Preliminary Unaudited Underlying Earnings Before Interest And Tax (Ebit) For Fy2020 To Be Around $560 Million.Currently High Level Of Uncertainty In Co'S Key Markets At Start Of Fy2021 Due To Pandemic And Weaker Steel Spreads.Reviewing Carrying Value Of Nz And Pacific Steel Segment Based On Updated Expectations Of Lower Sustainable Earnings In Longer-Term.Reviewing Expected To Result In An Impairment Of Around $200 Million.
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