BlueScope beats an unknown path

There are modest signs of improvement after the restructuring that cost BlueScope the bulk of its massive first-half loss, but it's not clear where exactly the future will lead.

It is somewhat perverse to see a company that has just announced a $530 million loss saying that it is "on track", but that is what BlueScope Steel said today and it is a reasonably accurate statement. The group’s destination, however, remains unclear.

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