Stocks to watch on the Australian stock exchange:
BSL – BLUESCOPE STEEL – up 13 cents, or 1.8 per cent, at $16.30
Australia’s largest steel producer is set to face new tariffs on exports to US although its North American operations look likely to benefit.
BHP – BHP BILLITON – down 47 cents, or 1.6 per cent, at $29.63
RIO – RIO TINTO – down 99 cents, or 1.3 per cent, at $76.86
Iron ore producers could find themselves impacted by US President Trump’s announcement of new tariffs on steel and aluminium imported into the United States.
WOW – WOOLWORTHS – down 17 cents, or 0.6 per cent, at $26.92
The competition watchdog is taking Woolworths to the federal court accusing it of labelling its disposable picnic cutlery as biodegradable when they are not.