Question asked
What’s MM view on BlueScope Steel (BSL)?
Hi James and the team!
Bluescope Steel. Do they have growth potential?
I believe Australia has underinvested in new housing and units and that we won't be able to cater to tourists (airbnb city units) and students plus immigration now that borders are open. There may be a housing/unit shortage for several years which I'm thinking may potentially give us a building materials boom. Has the slowing building industry in China meant that a company like Bluescope won't do as well regardless.
Thoughts?
Thanks, Kim