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    Market Segment

    October 26, 2026

    Higher N. American spreads lift BlueScope’s outlook

    Written by Laura Miller

    Australia’s BlueScope has raised its earnings outlook for the first half of fiscal 2027, citing a stronger-than-anticipated performance at its North Star BlueScope mill in Delta, Ohio, and improved results across several other businesses.

    The Melbourne-based company said in earnings guidance on Monday that it expects its North American businesses to deliver earnings about two-thirds higher than in the second half of fiscal 2026. North Star is forecast to perform nearly three-quarters better than in that period, when it reported EBIT of AU$484 million (US$339.8 million).

    Laura Miller

    Laura Miller is a reporter and editor for Steel Market Update. She has held various editorial positions with steel industry publications, associations, and mills since 2007. She joined the SMU team in 2022. She is a member of the Association of Women in the Metal Industries and a past-president of the AWMI Pittsburgh Chapter. She holds a BA in Latin American Studies from Edinboro University of Pennsylvania.

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