BlueScope's Better Earnings Outlook Might Not Rub Off on Shares -- Market Talk

Dow Jones

Jun 26, 2025

2303 GMT - BlueScope's earnings outlook has improved thanks to higher U.S. steel-price forecasts, Citi analyst Paul McTaggart says. "But we're not chasing the share price as we see PEs [price-to-earnings] compressing," he says in a note. Citi pares its target on BlueScope to A$25.00/share from A$26.50 previously. "While U.S. tariffs are enabling higher U.S. steel prices, there is a question on both duration and efficacy," says McTaggart. He reckons rising steel exports to the U.S. and higher domestic supply will limit what sort of multiple BlueScope investors are willing to pay for U.S. steel earnings. BlueScope, up 20% year to date, ended Wednesday at A$22.44. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

(END) Dow Jones Newswires

June 25, 2025 19:03 ET (23:03 GMT)

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2546224885"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2546224885\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2546224885?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-06-26 07:03","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2546224885","market":"fut","top_or_hot":-1,"title":"BlueScope's Better Earnings Outlook Might Not Rub Off on Shares -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  2303 GMT - BlueScope's earnings outlook has improved thanks to higher U.S. steel-price forecasts, Citi analyst Paul McTaggart says. \"But we're not chasing the share price as we see PEs [price-to-earnings] compressing,\" he says in a note. Citi pares its target on BlueScope to A$25.00/share from A$26.50 previously. \"While U.S. tariffs are enabling higher U.S. steel prices, there is a question on both duration and efficacy,\" says McTaggart. He reckons rising steel exports to the U.S. and higher domestic supply will limit what sort of multiple BlueScope investors are willing to pay for U.S. steel earnings. BlueScope, up 20% year to date, ended Wednesday at A$22.44. (rhiannon.hoyle@wsj.com; @RhiannonHoyle) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 25, 2025 19:03 ET (23:03 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BlueScope's Better Earnings Outlook Might Not Rub Off on Shares -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBlueScope's Better Earnings Outlook Might Not Rub Off on Shares -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-06-26 07:03</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  2303 GMT - BlueScope's earnings outlook has improved thanks to higher U.S. steel-price forecasts, Citi analyst Paul McTaggart says. \"But we're not chasing the share price as we see PEs [price-to-earnings] compressing,\" he says in a note. Citi pares its target on BlueScope to A$25.00/share from A$26.50 previously. \"While U.S. tariffs are enabling higher U.S. steel prices, there is a question on both duration and efficacy,\" says McTaggart. He reckons rising steel exports to the U.S. and higher domestic supply will limit what sort of multiple BlueScope investors are willing to pay for U.S. steel earnings. BlueScope, up 20% year to date, ended Wednesday at A$22.44. (rhiannon.hoyle@wsj.com; @RhiannonHoyle) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 25, 2025 19:03 ET (23:03 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BSL.AU","symbol_name":"BLUESCOPE STEEL LTD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2546224885","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2546224885","pubTimestamp":1750892580,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2303 GMT - BlueScope's earnings outlook has improved thanks to higher U.S. steel-price forecasts, Citi analyst Paul McTaggart says. \"But we're not chasing the share price as we see PEs [price-to-earnings] compressing,\" he says in a note. Citi pares its target on BlueScope to A$25.00/share from A$26.50 previously. \"While U.S. tariffs are enabling higher U.S. steel prices, there is a question on both duration and efficacy,\" says McTaggart. He reckons rising steel exports to the U.S. and higher domestic supply will limit what sort of multiple BlueScope investors are willing to pay for U.S. steel earnings. BlueScope, up 20% year to date, ended Wednesday at A$22.44. ","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"BSL.AU":"BLUESCOPE STEEL LTD"},"translate_title":"博思格更好的盈利前景可能不会影响股价——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BSL.AU":0.9},"content_text":"2303 GMT - BlueScope's earnings outlook has improved thanks to higher U.S. steel-price forecasts, Citi analyst Paul McTaggart says. \"But we're not chasing the share price as we see PEs [price-to-earnings] compressing,\" he says in a note. Citi pares its target on BlueScope to A$25.00/share from A$26.50 previously. \"While U.S. tariffs are enabling higher U.S. steel prices, there is a question on both duration and efficacy,\" says McTaggart. He reckons rising steel exports to the U.S. and higher domestic supply will limit what sort of multiple BlueScope investors are willing to pay for U.S. steel earnings. BlueScope, up 20% year to date, ended Wednesday at A$22.44. (rhiannon.hoyle@wsj.com; @RhiannonHoyle) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 25, 2025 19:03 ET (23:03 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}