** Jefferies cuts forecast and PT for steel producer BlueScope BSL.AX on lower spread, weaker NZ recovery and FX impacts
** Brokerage trims price target to A$29/shr from A$30/shr; maintains "buy" rating
** Says, steel spreads from NorthStar mill have eased to ~$460 per tonne, down 17% from May highs
** Downgrades 2H25 EBIT forecast from A$540 million ($352.30 million) to A$484 million
** North America was BSL's largest revenue segment in the six months to December 31, 2024; it operates five businesses in the region, including the NorthStar mill in Ohio
** Stock up ~26% YTD
($1 = 1.5328 Australian dollars)
(Reporting by Kumar Tanishk in Bengaluru)
((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk http://www.x.com/thatstanishk))
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