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BSL.AX ASX Iron & Steel

BlueScope Steel Ltd

A$-1,00
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LatestBlueScope takeover hopes fade as Goldman Sachs and Barrenjoey restart research coverage
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3,43 %
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About

BlueScope Steel Ltd is a leading iron and steel producer in the basic materials sector, generating revenue primarily through the manufacturing and sale of steel products for construction, infrastructure, and industrial applications.

Business. BlueScope Steel Ltd (BSL.AX) is an iron and steel company operating within the Basic Materials sector, primarily engaged in mining activities. The firm is headquartered in Australia and is listed on the Australian Securities Exchange. Specific details regarding its operating segments and geographic revenue mix are not provided in the available data.

Classification92 %
SectorBasic Materials
Business sectorMineral Resources
IndustryIron & Steel
ActivityMining
Generated · model-assisted
Sell-side consensus
BUY8 analysts
6 buy2 hold0 sell
Avg 12m price target30,88

Analyst recommendations

8 analysts · consensus Buy
Buy6
Hold2
Sell0
12-month price target
30,88
Consensus of sell-side coverage.
Upcoming events
— missing data
See all catalysts →

At a glance

Score
not yet scored
Valuation
valuation pending
Analysts
Buy
8 analysts · indicative
Ownership
not yet wired
Profitability
not yet wired
Quality
not yet scored

What drives this business

The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.

— missing data

News & coverage

1
  • MARKETSBlueScope takeover hopes fade as Goldman Sachs and Barrenjoey restart research coverage2026-07-09
  • Sector rotation

    Sector1D1Mvs mkt
    Materials · THIS SECTOR+2,3 %+6,6 %+1,7 %
    Communication Services+2,2 %−5,5 %+1,6 %
    Energy+0,6 %+3,3 %+0,0 %
    Health Care+0,6 %−0,8 %+0,0 %
    Information Technology+0,6 %+6,7 %+0,0 %
    Consumer Discretionary+0,4 %+7,6 %−0,2 %
    Financials−0,3 %−2,8 %−0,9 %
    Consumer Staples−0,4 %+2,5 %−1,0 %
    Real Estate−0,7 %+10,9 %−1,3 %
    Industrials−1,9 %−3,1 %−2,5 %
    Utilities−1,9 %+28,2 %−2,5 %

    Developing storylines

    No tracked sagas currently linked to BSL.AX. Browse all sagas →

    Analysis

    AI analysis
    Generated · analysis pipeline · tier hybrid · as of 2026-08-04 ↑ At a glance

    Opportunity

    — missing data

    Upcoming catalysts

    Scheduled public events. Informational only — not investment advice.

    • Macro
    • Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
    • Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
    • Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
    • Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
    • Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
    • Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
    • Macro & political
    • ElectionSE Swedish Election2026-09-14 · SE
    • ElectionUS U.S. Midterms2026-11-03 · US
    • ElectionFR French Legislative2027-06-01 · FR

    Pre-earnings brief

    Briefing · model-assisted

    There are no material changes, watcher signals, or significant cross-source signals to report for BlueScope Steel Ltd (BSL.AX) based on the provided facts. The data indicates this is the first analysis for this ticker, meaning there is no prior basis for computing deltas or identifying specific shifts in performance or sentiment. The available cross-source signal data shows a period of minimal activity, with zero dispatches recorded for most days between late June and mid-July 2026, and only a single dispatch noted on July 9, 2026. No sentiment data is associated with these sparse events, and no other significant news flow is evident in the provided window. From a structural perspective, BlueScope Steel Ltd is covered by five analysts and holds membership in one index. However, the dataset does not provide information on top holders or officer counts, limiting the depth of the current company profile. Given the absence of material changes or significant news signals, there is no immediate catalyst or shift in the company's outlook to synthesize. Investors should note that this baseline analysis lacks the historical context or recent event-driven data typically required to assess short-term momentum or risk.

    Signals & dispatch

    peak dispatch · 2026-07-09

    Composite-score breakdown

    Synthesis

    Business

    BlueScope Steel Ltd (BSL.AX) is an iron and steel company operating within the Basic Materials sector, primarily engaged in mining activities. The firm is headquartered in Australia and is listed on the Australian Securities Exchange. Specific details regarding its operating segments and geographic revenue mix are not provided in the available data.

    Classification92 %
    SectorBasic Materials
    Business sectorMineral Resources
    IndustryIron & Steel
    ActivityMining
    AI synthesis
    GENERATED

    BlueScope Steel Ltd operates with a fully diluted share count of 437,897,756 shares, with no additional dilution observed in the current financial period. The company's liquidity risk could not be assessed due to the absence of balance-sheet inputs and no going-concern language in source documents. This lack of liquidity data limits the ability to evaluate short-term financial flexibility.

    Profitability metrics for BlueScope Steel Ltd are not available in the current valuation snapshot, and no industry-specific preferred metrics have been provided for comparison. This absence of data hinders a direct assessment of the company's returns relative to its peers in the iron and steel industry.

    Segment and geographic exposure data are not disclosed in the available financial snapshot, making it difficult to assess revenue concentration or geographic diversification. The company's exposure to specific markets or product lines remains opaque without further segment reporting.

    Growth trajectory data is limited, as no revenue history or outlook numeric deltas are provided. Analysts have assigned a mean price target of 30.88 AUD and a median price target of 31.39 AUD, with a mean recommendation of 2.12 (on a scale from 1=strong buy to 5=strong sell). These estimates suggest a generally positive outlook, though the absence of detailed revenue growth projections limits the depth of analysis.

    Risk factors include the inability to assess liquidity risk, which could impact the company's ability to meet short-term obligations. The dilution risk is currently rated as low, with no additional shares outstanding in the diluted count compared to the basic count. No adjustments have been applied to the valuation metrics, and no dilution sources are disclosed in the available data.

    Recent events and filings are not detailed in the provided data, and no transcripts or disclosures from recent investor calls or regulatory filings are available for analysis. This limits the ability to assess management guidance or strategic direction.

    There are no material changes, watcher signals, or significant cross-source signals to report for BlueScope Steel Ltd (BSL.AX) based on the provided facts. The data indicates this is the first analysis for this ticker, meaning there is no prior basis for computing deltas or identifying specific shifts in performance or sentiment. The available cross-source signal data shows a period of minimal activity, with zero dispatches recorded for most days between late June and mid-July 2026, and only a single dispatch noted on July 9, 2026. No sentiment data is associated with these sparse events, and no other significant news flow is evident in the provided window. From a structural perspective, BlueScope Steel Ltd is covered by five analysts and holds membership in one index. However, the dataset does not provide information on top holders or officer counts, limiting the depth of the current company profile. Given the absence of material changes or significant news signals, there is no immediate catalyst or shift in the company's outlook to synthesize. Investors should note that this baseline analysis lacks the historical context or recent event-driven data typically required to assess short-term momentum or risk.

    Key takeaways
    • BlueScope Steel Ltd has no additional dilution in the current period, with a fully diluted share count matching the basic count.
    • Analysts have assigned a generally positive outlook, with a mean price target of 30.88 AUD and a median price target of 31.39 AUD.
    • Liquidity risk could not be assessed due to missing balance-sheet inputs and no going-concern language in source documents.
    • The company's profitability and returns relative to industry peers cannot be evaluated due to the absence of valuation snapshot data.
    • Segment and geographic exposure data are not disclosed, limiting the ability to assess revenue concentration or diversification.

    Bull / Bear case

    Generated · model-assisted
    — missing data

    In focus — financials by report

    Annual
    ANNUALFiled 2025-08-18
    FY 2025 · Full-year highlights

    Revenue A$16.33B, −4,6% YoY; Operating income −84,7% YoY.

    RevenueA$16.33B−4,6 % YoY
    Operating incomeA$184.4M−84,7 % YoY
    Net incomeA$83.8M−89,6 % YoY
    Free cash flow-A$603.4M−237,5 % YoY
    EPS
    Operating cash flowA$1.41B+0,2 % YoY
    Financials
    Income statement
    RevenueA$16.33B
    Gross profitA$3.57B
    Operating incomeA$184.4M
    Net incomeA$83.8M
    Margins
    Gross margin21.9%
    Operating margin1.1%
    Net margin0.5%
    FCF margin-3.7%
    Balance sheet
    Total assetsA$15.78B
    Total liabilitiesA$5.11B
    Total equityA$10.67B
    Cash & equivalents
    Long-term debtA$886.0M
    Cash flow
    Operating cash flowA$1.41B
    CapEx-A$1.23B
    Free cash flow-A$603.4M
    SBC
    P&L flow · revenue → net income
    Revenue A$16.33BOperating costs A$16.14BTax A$100.6MNet income A$83.8M
    Highlights
    • Revenue A$16.33B, −4,6% YoY
    • Operating income −84,7% YoY
    • Net income −89,6% YoY
    • Free cash flow −237,5% YoY
    • Net margin 0.5%

    Valuation FY

    Market price
    A$-1,00
    Market cap
    Enterprise value
    P/E
    Non-GAAP P/E
    EV / Revenue
    EV / Op income
    EV / OCF
    P / B
    P / Tangible book
    Tangible book
    Net cash
    Current ratio
    Debt / equity
    ROA
    ROE
    Cash conversion
    CapEx / revenue
    SBC / revenue
    Dilution ratio
    0.0%

    Revenue by segment

    Market share

    — missing data

    Business relationships

    — missing data

    Supply chain

    — missing data

    Peer comparison

    — missing data

    Market position

    Stress test

    — missing data

    Predictor forecast

    Next quarternear-term
    Earnings · next quarterconf 45 %
    EPS
    Consensus EPS
    1,89
    Predicted surprise
    +0,00
    Beat probability
    45 %
    Analysts
    8
    Other metrics
    Revenue
    no estimate
    Segment revenue
    no estimate
    Margin
    no estimate
    Segment margin
    no estimate
    as of 2026-05-06 · Earnings Surprise V1
    Period note: consensus is not fiscal-period-aligned at source — read as consensus vs the last reported actual, not a calibrated same-quarter surprise.
    Full fiscal year~1 year ahead
    Full fiscal year · our forecast vs guidance vs consensus
    MetricOur forecastGuidanceConsensus
    EPSno estimateno estimate1,89
    Revenueno estimateno estimate16,5B AUD
    Operating incomeno estimateno estimate1,2B AUD
    Full-year consensus mean (period as reported by source) · consensus in AUD. Company-level full-year forecast and management guidance are not yet modelled at scale — shown as "no estimate", never inferred.
    Probabilistic model output — not investment advice. · generated 2026-08-04

    Options

    — missing data

    Short squeeze

    — missing data

    Earnings-call key lines

    — missing data

    Consensus distribution

    sell-side coverage
    Recommendation distribution8 analysts
    Strong buy1
    Buy5
    Hold2
    Sell0
    Strong sell0
    12-month price targetA$30,88 · Median A$31,39
    Low A$24,50High A$35,00
    Operating income · consensus1,2B AUD
    EPS surprise
    −49,6 %
    reported vs consensus · miss
    Revenue surprise
    −1,4 %
    reported vs consensus · miss

    Estimate revisions

    consensus EPS · 26-week trend
    — missing data

    Sell-side observations

    LowA$24,50
    MeanA$30,88
    MedianA$31,39
    HighA$35,00
    SpotA$-1,00
    12-month sell-side price targets · ▲ spot

    Themes

    — missing data

    ESG

    — missing data

    Risk factors

    Dilution riskLow
    Liquidity riskUnknown

    Benchmarks vs cohort

    No cohort benchmark data available for this issuer yet.

    Corporate actions / M&A

    — missing data

    FX exposure

    — missing data

    Comparable transactions

    — missing data

    Derivatives & instruments

    — missing data

    Physical assets

    7 tracked
    AssetTypeCommodityCountryRole
    BlueScope New Zealand Steel GlenbrookSteel plantSteelNew ZealandParent
    BlueScope North Star Steel plantSteel plantSteelUnited StatesParent
    BlueScope Port Kembla steel plantSteel plantSteelAustraliaParent
    BlueScope Port Kembla steel plantSteel plantSteelAustraliaRegistered owner
    BlueScope Steel EAF plantSteel plantSteelUnited StatesRegistered owner
    BlueScope Steel EAF plantSteel plantSteelUnited StatesParent
    NZ Steel Waikato North Head MineIron ore mineIron OreNew ZealandParent
    Tracked physical assets associated with this issuer (operated, managed, or owned).

    Actions

    Ask Handelsavisen

    — missing data
    Data sources
    • Market data
    • Market data cache
    • Issuer disclosures
    • Public news
    • Earnings transcripts
    • Consensus estimates
    • ESG data
    How metrics are computed
    • Dilution Ratio
      (shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
    Source documents
    • BlueScope Steel Ltd Market data — financials · 2026-05-27
    • BlueScope Steel Ltd Market data — analyst estimates · 2026-05-27

    Ownership & reference

    Insider activity

    — missing data

    Short positioning

    24.6Kshares short-18.1% vs prior
    1days to cover
    47.4%short of daily vol
    985fails-to-deliver
    as of 2026-07-15 · short-interest report (free)
    Index membership
    S&P/ASX 200

    Geographic breakdown

    — missing data
    Listings · one canonical issuer all listings resolve to the canonical
    BSL.AXCanonical
    ASX · AUD

    Intel & risk

    PredictorBeat prob45 %Surprise+0,00Full forecast →
    peak dispatch · 2026-07-09
    OSINT findings
    Dilution riskLow
    Liquidity riskUnknown

    Evidence & claims

    From filings & derived data
    — missing data

    The Thread

    Everything we know, in order
    2026-06-30 03:38 UTCEARNINGSUpcomingForecast: earnings_forecast (90d)
    2026-06-20 12:34 UTCANALYSTAnalyst coverage initiated
    2026-06-20 12:34 UTCANALYSTAnalyst coverage initiated
    2026-06-20 12:34 UTCANALYSTAnalyst coverage initiated
    2026-06-20 12:34 UTCANALYSTAnalyst coverage initiated
    2026-06-20 12:34 UTCANALYSTAnalyst coverage initiated
    2026-06-20 12:34 UTCANALYSTAnalyst coverage initiated
    2025-08-18 03:45 UTCEARNINGSAnnual results — FY 2025 Revenue AUD 16.33B · Net AUD 83.8M
    2024-08-19 03:31 UTCEARNINGSAnnual results — FY 2024 Revenue AUD 17.11B · Net AUD 805.7M
    2023-08-21 03:31 UTCEARNINGSAnnual results — FY 2023 Revenue AUD 18.24B · Net AUD 1.01B
    2022-08-15 03:34 UTCEARNINGSAnnual results — FY 2022 Revenue AUD 19.03B · Net AUD 2.81B
    2021-08-16 03:40 UTCEARNINGSAnnual results — FY 2021 Revenue AUD 12.90B · Net AUD 1.19B
    The entity's full life in the product — typed, chronological, joined across Newspaper, Platform and Data. Our memory, made visible.
    Sources filings · IR · transcripts · market data · tier hybrid · as of 2026-08-04 Market data · Issuer disclosures · Public news · Earnings transcripts · Consensus estimates · ESG data Premium coverage