"These trends that we're now seeing in terms of working from home will actually just continue to support that space of residential construction,detached (housing),regional growth and people spending more money on their home,"he said.
"They're sitting at home thinking about what they need to do to improve their properties and we've been the beneficiaries."
"Our products and our focus is really on detached housing,it's not on high-rise apartments,"he toldThe Age andThe Sydney MorningHerald.
The ASX-listed BlueScope reported a 91 per cent fall in statutory net profit to $96.5 million for 2019-20,due to a $197 million write-down of its New Zealand division,declining steel prices and the impact of COVID-19 on some markets.
In 2018-19 it had reported a bottom-line net profit just above $1 billion. But Mr Vassella said BlueScope was financially sound,resilient to the challenges of COVID-19 and had a strong future.
He also said the company would benefit from a swing away from public transport to cars by commuters because of the large amount of steel it supplied to the car industry,and forecast BlueScope would benefit from government infrastructure spending.
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