As per BlueScope Steel Limited (ASX: BSL), weak macroeconomic conditions remain in the key markets, mainly in Thailand and Malaysia, and it has impacted volumes and earnings levels.
- Although the current macro-economic level is weak, the business is well leveraged to the upside;
- The company remains confident about the long-term growth opportunity in the ASEAN region;
- It has recently completed the acquisition of cold rolling mill in Malaysia, providing feed sourcing benefits to both Malaysia and the broader region.
At AEST 01:21PM, the stock was trading at $14.9 per share, up by 1.18% from its previous close.