Bluescope Steel (ASX:BSL) has announced it has lifted its earnings (EBIT) guidance for the first half of the 2018 financial year to $680 million.
This compares with a guidance of $606 million at the time of the company’s first half results in February.
The company says the increase comes following strong steel spreads in North America.
Meantime, Australian steel products have also performed better than expected.
Shares in Bluescope Steel (ASX:BSL) have risen over 37 per cent in the last 12 months and closed 1.81 per cent higher to $18.03 yesterday