Steel & Scrap
FNArena Windows (Sectors)
Introduction to FNArena Windows
FNArena Windows offers subscribers the option to investigate ASX-listed stocks against their peers. FNArena developed its own sector methodology which in our view overcomes many flaws and disadvantages connected with GICS sectors. Our system starts with three broad sector labels: COMMODITIES, FINANCIAL SERVICES and INDUSTRIALS. From here onwards subscribers can explore further through gradually narrowing branches. This is not investment advice, but simply another window on the Australian Stock Exchange to provide better insight and to assist FNArena subscribers while conducting their own market analysis.
Latest Stories
FNArena (net) zeroes in on green steel developments: the SBTi estimates -14% of steel producers’ value is at risk if the industry fails to innovate; much depends on the pace of the green-steel ramp-up; and much more
Nov 23 2023
Short term dynamics forced Sims to issue a profit warning this week, but analysts see a better outlook into the future.
Sep 14 2023
| ASX CODE | COMPANY NAME | LAST PRICE | 52WK HIGH | 52WK LOW | P/E | CONSENSUS TARGET |
|---|---|---|---|---|---|---|
| BSL | BLUESCOPE STEEL LIMITED | $23.10 | $24.26 | $17.23 | 11.0 |
$23.19 |
| SGM | SIMS LIMITED | $12.01 | $16.43 | $11.60 | 50.1 |
$14.00 |
| VSL | VULCAN STEEL LIMITED | $7.88 | $8.76 | $6.80 |
$8.40 |
Previous Stories
ESG Focus: Green Steel Innovation On Fire
Jun 22 2023
The iron and steel industry is about to be transformed by a raft of innovations, some here, some on the way, and others on the distant horizon – we check them out in this deep dive
ESG Focus: Green Steel Rolling In
Jun 15 2023
Green steel is shaping up as one of the big innovation impact plays for 2023, as Australia eyes off steel exports
BlueScope Steel Undervalued?
Nov 21 2022
Brokers generally see value in BlueScope Steel shares despite the macroeconomic backdrop
BlueScope Steel Committed To Emissions Targets
Sep 28 2022
BlueScope Steel retains its 2030 and 2050 emissions targets but analysts say a lack of available and affordable new energy technology continues to be the key barrier to decarbonising steel
BlueScope Steel Transforms US Operations
Apr 13 2022
Following a significant strategic play in the US, all six brokers in the FNArena database continue to recommend buying BlueScope Steel
Sims Shines In The Scrap Yard
Feb 16 2022
A forecast-beating result from Sims, a dividend increase, and a positive industry outlook had brokers racing to upgrade earnings estimates
Positive Trends Should Galvanise Sims
Nov 11 2021
Moves to decarbonise and use cleaner energy across the globe should galvanise Sims as a high-grade processor of scrap
ESG Focus: Forrest’s Green Steel Plan
Jun 02 2021
Not all are convinced of Andrew Forrest’s ambitious plan to make Fortescue a green hydrogen and green steel giant
Steel Prices Still Underpinning BlueScope
Apr 28 2021
As BlueScope Steel revises guidance higher, once again, assessments of where peak earnings lie are becoming even more critical to the outlook
Accelerating Demand For Scrap Drives Sims
Apr 20 2021
Rising scrap prices and a sharp increase in volumes have allowed Sims to deliver FY21 earnings guidance way ahead of expectations
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