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Bluescope – Earnings Upgrade

BlueScope has upgraded 2H EBIT guidance to US$680m, this leads to consensus FY18 EBIT of US$1.2bn.

The upgrade driving higher profitability is due to stronger steel spreads in the US.

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Bluescope was added to the ASX 100 model on the 6th February and is currently up 26%.  

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