BlueScope Steel is expecting a better result than previously thought for the full financial year. The steel maker announced on Thursday that its preliminary unaudited underlying earnings before interest and tax (EBIT) is now expected to be around $570 million. The underlying EBIT in the second half is likely to be around $340 million. The previous estimate was $270 million. The improved performance is mainly due to higher margins across its international businesses and a turnaround in Asian region steel prices.