BlueScope
A merger between Bluescope Steel (ASX:BSL) and Arrium (ASX:ARI) (formerly OneSteel) may be a possibility.
- Arrium has rejected the unsolicited takeover offer by the Asian consortium, led bouth South Korean, Noble Group.
Steel manufacturer, Bluescope Steel (ASX:BSL) have announced news of a deal struck between BSL and Nippon Steel.
- Blue Scope Steel has announced a new joint venture with Japanese company, Nippon Steel Corporation. The deal will give the company access to white goods manufacturing in South-East Asia.
- The two companies will form a new company called "NS BlueScope Coated Products"
Australia's largest steel maker, BlueScope Steel (ASX:BSL) have returned to profit and have resumed paying out dividends. BSL has posted a net profit of $126 million for FY2010 ending June30, compared to a net loss of $66 million for the previous corresponding period. BSL was one of the low performing stocks last week.
BlueScope Steel Dividends
Study the historical dividends for BLUESCOPE STEEL LIMITED. Dividends are a portion of company profits paid out to shareholders. You are eligible to receive BSL dividends if you own the company's stock on the ex-dividend date. Investor's must have purchased the stock before the ex dividend date to be entitled to the dividend. The previous owner of the shares will receive the BSL dividend if you buy the stocks on or after the ex dividend date. The Pay Date or the Date Payable is the day when the dividend is paid to shareholders.
An update about Australian steel stocks by analyst Citigroup Investment Research (CIR): The analyst's medium-term steel view falters; in contrast to expectations based on their macro driven view of the steel industry, Asian steel prices are up 5%-30% since the start of 2007. The analyst now focuses on near-term indicators of steel prices and increase their earnings forecasts for the volatile steel stocks in their coverage universe by up to 27% and upgrade their recommendation on BlueScope (BSL) to Hold.
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