Top Australian Steelmaker Soars to Five-Year High on Profit Jump

  • BlueScope Steel doubles profit on cost cuts, higher revenue
  • Steel prices ‘will come off a bit,’ CEO Paul O’Malley says

BlueScope Steel Profit Up 160%

BlueScope Steel Ltd., Australia’s top steel producer, surged to a five-year high after the company doubled profits, helped by cost cuts and higher revenues.

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