BlueScope's net profit will grow sharply in fiscal year 2025-26 amid rising steel prices in the United States

Australian steel producer BlueScope Steel has released financial and operating results for the fiscal year ended June 30. 2026.

The company's net profit amounted to 802 million Australian dollars, an increase of 857 percent in year-on-year, while core EBIT increased from AUD$738.2 million in the previous fiscal year to AUD$1.27 billion, driven by higher spreads for steel in the United States, record performance in Southeast Asia, higher costs and increased shipments to Australia.

This year, the EBIT of the Australian division of BlueScope amounted to 188 million Australian dollars, which is 28% less, while the EBIT of the North American and Asian divisions increased by 101% and 28%, respectively, to 1.03 billion Australian dollars and 177 million Australian dollars, respectively. Her business in New Zealand and the Pacific Islands suffered losses of 1 million Australian dollars.

According to the operational data provided, according to the company's annual report, steel sales at its plants in Australia decreased by one percent year-on-year to 3.16 million tons, while sales in the domestic market increased by six percent to 2.25 million tons. The capacity of the Port Kembla steel mill exceeds 3 million tons of steel per year, while supplies from the American North Star plant, which continued to operate at full capacity after the expansion of production, increased threefold. percent to 2.98 million tons. Meanwhile, shipments from BlueScope's Asian facilities decreased by seven percent to 1.12 million tons.

Commenting on the results, Tanya Archibald, Managing Director of BlueScope, stated that the fiscal year was a defining period for the company, during which its major investment projects reached their peak capital expenditures and began to transition to commissioning and increasing production volumes. She added that these developments, thanks to the completion of a $200 million cost and productivity improvement program, BlueScope will be able to achieve higher revenues, increased cash generated, and increased shareholder returns.

In the first half of fiscal year 2026-27, BlueScope expects EBIT to be between $860 million and AUD$960 million, taking into account steel spreads, exchange rates, and market conditions.