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BSL Shares BlueScope Steel Limited

ASX · ASX
$33.31 +2.94% Prices as of close 2026-10-26

Last in our picks 2026-10-23 — not in the current list; analysis below is from that screen

Profitable steelmaker with improving North American earnings, valuation support, and solid price momentum.

Future value: $35.64 (+10.14%) · 6-12 months · analyst consensus

Signal breakdown

  • ▸Strong North American EBIT growth and positive momentum.
  • ▸Above 50-day MA (+4.42%)
  • ▸Above 200-day MA — long-term uptrend
  • ▸Near 52-week high (80.4% of range) — strength

Is BSL a buy right now?

Trend: BSL is trading above the 50-day average (+7.35%), RSI 39 — neutral momentum, with a 3-month return of +4.35%.

Valuation & quality: BlueScope Steel Limited trades on a trailing P/E of 17.9, forward P/E 12.6, PEG 0.03, price-to-book 1.41; fundamentals show net margin 4.8%, return on equity 8.1%, revenue growth 0.6% year on year.

Analyst consensus: 13 analysts have a mean 12-month price target of A$35.64 (+7% vs the last close; range A$26.00 – A$40.00), consensus rating “buy”.

Income: trailing dividend yield 4.02%.

Our screen: STRONG BUY (score 5) — Profitable steelmaker with improving North American earnings, valuation support, and solid price momentum.

Computed from end-of-day data; not personal advice.

12-month price chart

35.2 25.7 FebMarAprMayJunJulAugSepOct
Daily close, 2026-02-08 → 2026-10-26 (AUD). Range 25.7 – 35.2.

Monthly returns

Mar 26Apr 26May 26Jun 26Jul 26Aug 26Sep 26Oct 26
-5.80%+12.90%+6.50%+0.50%+2.70%-5.00%-2.10%+9.50%

Fundamentals

Market cap
$14.59B
P/E (ttm)
17.9
Forward P/E
12.6
EPS (ttm)
$1.86
Price / book
1.41
PEG
0.03
Beta
1.17
Net margin
4.8%
ROE
8.1%
Revenue growth
0.6%
Revenue (ttm)
$16.66B
Free cash flow
$109.5M
Debt / equity
16%
Dividend yield
4.02%
52-wk range
$20.46 – $35.26
Volume
2,326,385
Avg volume (3m)
1,457,111

Analyst price target

Mean target
$35.64
Low
$26.00
High
$40.00
Analysts
13
Consensus
BUY

Technical signals

RSI (14)
38.9
vs 50-day MA
+7.35%
1-mo return
+9.72%
3-mo return
+4.35%
Volume z-score
0.74

About BlueScope Steel Limited

BlueScope Steel Limited engages in the production and marketing of metal-coated and painted steel building products in Australia, New Zealand, Asia, North America, and internationally.

Sector: Basic Materials · Industry: Steel · Australia · 15,800 employees · Website

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General information only (Australia). This is general information, not financial product advice. It doesn't consider your objectives, financial situation or needs — consider its appropriateness and seek licensed advice before acting. Not a recommendation to buy or sell any financial product.

Market data from end-of-day feeds; AI-generated research for educational purposes only — not investment advice.