Its underlying net profit was $78 million for the first half and the loss is because of the $130 million writedown for the LiteSteel business. Just don't understand why people keep saying they are non profitable.
About job cutting please read the link below,
450 mining jobs to offset OneSteel loss
http://www.adelaidenow.com.au/business/onesteel-to-change-its-name/story-e6frede3-1226276792761
clearly over priced, page-27
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