BlueScope Steel has ratcheted up its profit expectations following a stellar performance at its United States business, in an update that vindicates the company’s decision to knock back a $14.2 billion takeover bid earlier this year.
Australia’s top steel maker operates the Port Kembla steelworks in NSW and owns the fifth-largest steel plant in the US, the North Star mill in Ohio. It has benefited from the Trump administration’s tariff policies , which heavily tilted the playing field in favour of local producers.
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