Bluescope Steel The profit of the year in total year falls 90% on the impairment in North America

(Reuters) -Australia’s Bluescope Steel declared a 90% drop in annual profits on Monday, after having recorded disability fees for its activity of coated products and due to low performance during its operations in North America.

Product activities dressed in the company in its North American division recorded a loss during the year 2025, affected by volumes and lower operational misfortunes and a depreciation burden of $ 438.9 million.

The underlying benefits of the North America division decreased by 45%, weighed down by low performance in its North Star and Buildings and Ebated Products North America operations.

The company has posted net profit after tax of $ 83.8 million ($ 54.6 million) for fiscal 2025, much of 805.7 million dollars declared during the fiscal year 2024.

On an underlying basis, the company’s benefit decreased by 51% to $ 420.8 million, reduced by prices, lower volumes and higher costs.

Bluescope declared a final dividend of 30 cents Australian per share, in accordance with last year.

($ 1 = 1.5361 Australian dollars)

(Report by John Biju to Bengaluru; edition by Chris Reese and Tom Hogue)