BlueScope Steel narrows FY loss

By Mitchell Neems

BlueScope said conditions in building construction markets of its key global regions are positive. "We expect the first-half of fiscal 2015 will benefit from expanding domestic margins; contributions from recent acquisitions; our restructuring in China; and growth and typical seasonality in North America," the group said. "Offsetting factors include lower iron ore prices reducing New Zealand iron sands revenue, the unresolved political situation in Thailand and normalisation of the underlying tax rate.

Read more here: Business Spectator


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