BlueScope Steel's FY'26 profit surges on stronger US, Southeast Asia performances

BlueScope Steel Limited, the Australia-based coated sheet and pre-painted building products maker, reported a sharp increase in profitability for the financial year ended June 30, 2026, with its net profit after tax (NPAT) soaring 857% on year to A$802 million ($567.34 million).

The Melbourne-headquartered maker mainly attributed its robust results to significantly stronger steel spreads in the US market, a record performance from its Southeast Asian operations, and higher domestic dispatches in Australia, according to the company's annual report released on August 17. By segment, BlueScope's Australian Steel Products business posted underlying