BlueScope Steel Limited (ASX: BLS), the $10 billion Melbourne-based metals company, expects to report underlying earnings before interest and taxes (aka EBIT) of around $680 million for the six months to 30 June 2018.

In an announcement to the ASX this morning, BlueScope Steel CEO Mark Vassella said steel prices have benefitted the company’s operations in North America.

“Following continued strong steel spreads in North America, the increase is mainly due to stronger performance at our North Star mini-mill in Ohio on higher realised steel spreads,” Vassella said.

BlueScope’s current guidance compares to its prior guidance of $606 million, a 12% improvement.