BlueScope Steel Ltd

BSL: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	A$79.00	Slnss	Knpgngzs

Expecting Steel Spreads to Normalize From Postpandemic Highs

Mathew Hodge

Jul 5, 2024

Business Strategy and Outlook

BlueScope’s business strategy targets earnings growth and maintainable returns by optimizing its cost structure and pursuing capacity expansion and bolt on acquisitions. Management’s focus includes financial discipline, cost control, efficiency, and disciplined capital allocation in capacity and technology given the firm lacks any ability to influence the direction and magnitude of the steel spreads.

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