OneSteel: inappropriate to give year forecast

Sun Nov 15, 2009 9:07pm EST
 
[-] Text [+]

SYDNEY, Nov 16 (Reuters) - Australian steel maker OneSteel Ltd (OST.AX) could not give an earnings outlook for the current year due to uncertainty over pricing, foreign exchange rates and an economic recovery, it said on Monday.

In a presentation to its annual shareholders meeting, OneSteel also said prices and margins were under pressure in a difficult trading environment. (Reporting by Jonathan Standing)

 

Featured Broker sponsored link

Editor's Choice

A selection of our best photos from the past 24 hours.  Slideshow 

Most Popular on Reuters

  • Articles
  • Video