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Stocks Down Under 3 September 2020: BlueScope Steel, FlexiGroup, Warrego Energy
BlueScope Steel: Gold is not the only metal of fortune
BlueScope Steel is a global finished and unfinished steel producer headquartered in Melbourne. While the majority of BlueScope Steel’s business revolves around the production and sale of finished and unfinished steel, the company also operates a small subsidiary that builds and develops nonresidential properties in North America. Steel has been a significant news point over the last five-years featuring Chinese dumping, tariffs by the United States, Australian anti-dumping investigations against China and the global infrastructure boom. Despite these macroeconomic risks, we believe BlueScope Steel proves that gold is not the only metal of fortune.
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