BlueScope jumps on outlook

Steel firm continues efforts to move past steep 2011, 2012 losses.

BlueScope Steel says it is on track to post a $49 million half year underlying profit as it continues to put the horrors of $1 billion-plus losses in 2011 and 2012 behind it.

The company has forecast an underlying profit in the six months to December 31 similar to the $49 million result it achieved in the six months to June 30.

The company's shares shot up 31 cents, or 6.2%, to $5.29.

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