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Marion Rae

BlueScope backs Port Kembla steelworkers amid downturn

BlueScope Bluescope Steel Electricity China electric vehicle United States

BlueScope has reported a profit of $805.7 million for the year to June 30. (Dean Lewins/AAP PHOTOS)

Big emitter BlueScope Steel warns of headwinds from higher energy costs and weak housing activity but "no fear" for workers at its Port Kembla steelworks.

The steel producer on Monday reported a net profit of $805.7 million for the year to June 30, down from $1 billion on the previous year.

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