Overview

• The company’s net profit fell to $84 million, down $722 million year-on-year, driven by a $439 million impairment of its US coated-products business.
• Australian operations saw EBIT drop 31 percent to $262 million and North American earnings fell 45 percent to $514 million as softer volumes and higher energy costs weighed on results.
• Chief executive Mark Vassella said the US coated-products unit remains central to North American growth despite a delayed turnaround and ongoing investment.
• US tariffs on Australian steel and aluminium jumped from 25 percent in March to 50 percent in June, reshaping trade dynamics and supporting local pricing.
• BlueScope declared a 30-cent final dividend and guided underlying EBIT of $550 million–$620 million for the next year.