BlueScope Steel (OTCMKTS:BLSFY) Shares Up 9.2% – Here’s What Happened

Shares of BlueScope Steel Limited (OTCMKTS:BLSFY) shot up 9.2% during trading on Tuesday . The stock traded as high as $99.60 and last traded at $99.60. 166 shares traded hands during trading, a decline of 53% from the average session volume of 351 shares. The stock had previously closed at $91.22.

BlueScope Steel Trading Up 9.2%

The company’s 50-day moving average price is $98.17 and its 200 day moving average price is $85.90.

BlueScope Steel Company Profile

BlueScope Steel is an integrated steel producer headquartered in Melbourne, Australia, specializing in the manufacture and distribution of flat steel products and building solutions. The company’s core activities span the production of hot-rolled, cold-rolled, coated and painted steel products, as well as the design and supply of prefabricated buildings and steel framing systems. BlueScope serves a diverse customer base that includes construction, manufacturing, automotive, and distribution sectors.

Among its portfolio of branded products are COLORBOND® steel and ZINCALUME® steel, which are widely used in residential, commercial and industrial roofing and cladding applications.