Arrium

Arrium (ARI)

Stock Code

ARI

Stock Exchange

ax

Arrium (ARI) is involved in mining and supply of steel making raw materials to steel mills operated in Australia and overseas; recycling of ferrous and non-ferrous scrap and the manufacture and distribution of steel long products. The company has three key businesses: Mining, Mining Consumables, and Steel & Recycling.

Arrium $447.2m Loss 1H2013


Steel manufacturing and mining company, Arrium (ASX:ARI), formerly OneSteel, have announced its results for the first half of the 2013 financial year to stockmarket investors and traders.

  • Arrium Net Loss of $447.2 million in the first half of 2013, down from a $70.7 million loss in the previous corresponding period.

Arrium $474m Writedown


Australian steel producer, Arrium (ASX:ARI) has written down $474 million on its steel division.

  • $474 million impairment charge against its steel manufacturing division and in particular its Australian Tube Mills unit where its goodwill was written down to zero, "as it does not expect to realise this value on a sale of the business."
  • Remaining goodwill is down to $120 million.

BlueScope - Arrium Merger a Possibility


A merger between Bluescope Steel (ASX:BSL) and Arrium (ASX:ARI) (formerly OneSteel) may be a possibility.

Asian Consortium $1 Billion Bid for Arrium


Mining and steel making company, Arrium (ASX:ARI) has received an unsolicited bid from an Asian-led consortium called Steelmakers Australia.

  • Arrium's stocks on the ASX stockmarket jumped almost 25 percent to 68 cents per share on the announcement.
  • The takeover offer was received late last Friday afternoon from the consortium.
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