Steelmaker OneSteel expects a better second half result following a $74 million interim net loss, and has flagged job cuts as well as a name change to reflect its increasing focus on mining.
OneSteel shares closed at a near four-week high, up nine cents, or 12.33 per cent, at 82 cents.
The loss for the six months to December 31 compared to a net profit of $116 million for the prior corresponding period.
via OneSteel posts loss, flags jobs cuts : World News Australia on SBS.
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