Seeing past the dross at a newly forged Arrium

Geoff Plummer's turnaround strategy for Arrium is strong, and if it wasn't for last year's unfortunate slump in the iron ore price and persistently high dollar, the headline numbers would look a lot better.

Headline numbers can be misleading. Despite a statutory loss of nearly $450 million, Arrium's Geoff Plummer will feel that he has largely completed the challenging task he originally set himself when he hands over the helm of the former OneSteel group to Andrew Roberts later this year.

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