Bluescope Steel Limited · ASX:BSL
Bluescope Steel — Corporate Update (May 2009)
8 slides from Bluescope Steel's corporate update, May 5, 2009
Slide 1: Trading Update
For personal use only Trading Update 5 May 2009 Paul O’Malley, Managing Director and Chief Executive Officer ASX Code: BSL
Slide 2: Important information
Important information For personal use only The distribution of this presentation in other jurisdictions outside Australia may be restricted by law and any such restrictions should be observed. Any failure to comply with such restrictions may constitute a violation of applicable securities laws. Thi
Slide 3: Forward-looking statements
Forward-looking statements For personal use only This presentation includes “forward-looking statements” with the meaning of Securities laws. These forward-looking statements can generally be identified by the use of forward-looking terminology such as "may", "will", "expect", "anticipate", "estimat
Slide 4: Demand conditions and BlueScope Steel actions
Update on demand conditions For personal use only ! Domestic sales volumes steady through March and April 2009 at low levels, with de-stocking abating ! Global export markets remain challenging Key themes ! Significant production cuts across the global steel industry ! Supply/demand balance could be
Slide 5: Hot rolled coil prices
Update on hot rolled coil prices For personal use only ! Current indicative market spot prices: − Slab US$350/t FOB 2,000 1,200 − HRC US$400/t FOB 1,800 Far East Asia import hot rolled coil prices - 1,000 BlueScope Steel underlying EBITDA 1,600 cost and freight (US$ per tonne) ! Decline in HRC price
Slide 6: Raw materials prices
Update on raw materials prices For personal use only FY2010 pricing ! Reduction from 1 July 2009 in respect of 85% of volumes (15% from 1 April 2009) (vs. US$91.14/DMT FOB fines price in FY 2009) ! Current spot price approximately US$60.60/t* 2009 iron ore usage ! Broadly effective in alignment of r
Slide 7: Update on Inventory Position
For personal use only Update on Inventory Position A$m 3000 March-09 Quarter The following indicative inventory tonnage reductions 2500 have been achieved during the quarter: 1034 Australia Iron ore 330 kt 2000 Coal 30 kt WIP & FGS 60 kt A$ millions 1500 689 931 Asia RMS (steel feed) / FGS 80 kt 100
Slide 8: Outlook – BlueScope
Outlook – BlueScope For personal use only ! Domestic sales volumes steady through March and April 2009 at low levels, with de-stocking abating ! Global export markets remain challenging − China PMI improving − North America production weak " Approx monthly reduction in output and inputs, if restart