Upgraded 1H FY27 underlying EBIT guidance to “approaching $1.1bn” (up from previous guidance of $860–960m). The upgrade is driven by North Star mini-mill spreads expanding to ~US$810/t (vs US$750/t previously assumed), with North America delivering earnings ~67% higher than 2H FY26 and Australian Steel Products earnings approaching double 2H FY26 levels.
You're not a member! Trial today
