BlueScope Is Still Enjoying a Favourable Price Tailwind for Now
BlueScope’s underlying fiscal 2018 EBIT of AUD 1.24 billion was in line with our forecast and 14% ahead of fiscal 2017. The result was primarily driven by improvement in the Australian steel products business, where underlying EBIT increased 28% to AUD 587 million. EBIT at the New Zealand operations, though small, also rose 83% to AUD 112 million. Underlying EBIT at the remaining divisions--building products, buildings, and North Star BlueScope--in aggregate was close to flat on a year ago. Aust...BlueScope is a manufacturing technology company. Co.'s segments are Australian Steel Products, which produces coated and painted flat steel products for building and construction customers and commodity flat steel products; New Zealand & Pacific Steel, which consists of New Zealand Steel, Pacific Steel, New Zealand Minerals, and BlueScope Pacific Islands areas; BlueScope Buildings, which servicing the low-rise non-residential construction; Building Products ASEAN, North America and India, which producing metal coated and painted steel building products; and Hot Rolled Products North America, which includes a single site electric arc furnace producer of hot rolled coil in Ohio, the U.S.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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