Bisalloy Steel Group Limited provided earnings guidance for the year 2023. Throughout the recent macroeconomic and geopolitical volatility, Bisalloy has continued to demonstrate strength and resilience in its business performance. With this volatility ongoing, the company anticipating a continuation of the trend towards normalisation of product margins, along with the impact of higher energy and transportation costs.

The company also cannot discount the impact of future disruptions caused by COVID-19, potential recessions in global markets and ongoing supply chain disruptions, particularly sea freight. Therefore, Bisalloy continues to project a reduction in profits in fiscal year 2023 compared to fiscal year 2022.