Why Large Cap Stock BlueScope Steel (ASX:BSL) Is Up Today?

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Why Large Cap Stock BlueScope Steel (ASX:BSL) Is Up Today?

A constant rise in steel prices has led BlueScope to improve its earnings guidance for H2 FY22. BlueScope now expects to deliver at least AU$1.375 billion of EBIT in H2 FY22, compared to AU$1.2 billion stated in its previous earnings guidance. The company started trading in green today, supported by this announcement.

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