BSL 1.98% $20.25 bluescope steel limited

us steel co. result period

  1. 100 Posts.
    From the 25th Jan until the 3rd of February the US steel makers will be releasing their results. Over the last couple of weeks a couple have lifted their earnings forecast and the stocks on both occassions went up in excess of 10% that day ie Timken and Allegheny Technologies. Last year, it is this period that started the steel stock run and it did not stop in February. The run stopped in May when there was a China scare and then took off from June until October when there was another China scare. Recently we have seen Bluescope start to go back up in the lead up to the reporting season. The rumour is that if Bluescope is taken over that around $10.50 will be offered for the company. However I would prefer the company not to be taken over in the short term as if the strength in the steel market stays up for another 6 months we could easily see Bluescope reach $12 by the time of the final dividend in September.
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Mkt cap ! $10.09B
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$20.45 $20.63 $20.00 $54.68M 2.690M

Buyers (Bids)

No. Vol. Price($)
4 3562 $20.20

Sellers (Offers)

Price($) Vol. No.
$20.26 20668 2
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Last trade - 16.10pm 26/11/2021 (20 minute delay) ?
-0.410 ( 1.78 %)
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$20.50 $20.63 $20.00 390400
Last updated 15.59pm 26/11/2021 (live) ?
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