Tag: OST

Steelmaker and iron ore exporter, OneSteel has downgraded full-year earnings guidance by 14%, a move that justifies the long slump in the share price this year.

OneSteel’s South Australian iron ore export business has once again helped the group cushion the impact of an uneven market here and offshore for steel.

OneSteel is looking more like a steel business being subsidised by a booming iron ore export operation.

Well, one comment can be made about OneSteel, the country’s second steelmaker. It did better than its rival BlueScope in earning a small profit in the December half.

The market didn't take too kindly to less than gripping forecasts and commentary from chairman Peter Smedley and CEO, Geoff Plummer at the AGM of steel group, OneSteel yesterday.

A day after BlueScope produced reasonable 2007 figures and a solid outlook, the country's other steel group, OneSteel, revealed more modest returns from 2007 and a more cautious outlook.

A strong day for steel group and emerging iron ore exporter, OneSteel, with the shares jumping 23c in a strong market to reach yet another all time high of $6.51.

Like Promina and Suncorp-Metway OneSteel’s latest results are interesting in a historical sense but it’s the immediate future that holds the key to the company’s progress and profitability because of the dramatic changes that about to happen.