BlueScope Steel shares are trading 1.9% higher at $22.52 after an AGM update, meeting the lower end of its EBIT guidance and planning strategic earnings initiatives by 2030.
Macquarie maintains an outperform rating for BlueScope Steel, raising its target price to $25.50, indicating a 13.2% potential upside, driven by strong Australian demand and cost reduction efforts.
Analysts acknowledge challenges in New Zealand but note improved Australian demand and US steel price support, with ongoing tariffs and trade conditions expected to bolster momentum.
