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flag Australian steelmaker BlueScope reports a sharp drop in profits due to market volatility and rising costs.

flag Australian steelmaker BlueScope reported a significant drop in after-tax profits to A$83.8 million, down from A$805.7 million the previous year. flag CEO Mark Vassella attributed the decline to volatile market conditions and rising costs, though he remains optimistic about future improvements. flag The company's Australian division saw pre-tax profits fall by 31% to A$261.6 million. flag Despite the challenges, BlueScope is planning to leverage the recovery in Australian construction and improving US market conditions to boost earnings.

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