Bluescope seeking another A$15M of annual savings from NZ Steel operations

Pattrick Smellie
Sun, 21 Aug 2016

By Pattrick Smellie Aug. 22 (BusinessDesk) - Australian steel manufacturer Bluescope is seeking another A$15 million a year in savings from its New Zealand operations, which broke even on an operating earnings basis, after depreciation and amortisation, in the latest financial year. Earnings before interest, tax, depreciation and amortisation from Bluescope's two Auckland units, NZ Steel and Pacific Steel, came in at zero in the year ended June 30, compared with a A$26.8 million positive contribution in the previous financial year, the Me...

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