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Bluescope Steel Expects $920 Million in Writedowns

August 11, 2011

Australia's BlueScope Steel said on Thursday it expects to make 2011 financial year writedowns of around A$900 million ($919.9 million), given the challenges of a strong local dollar, high raw material costs and low prices.  

Source: http://www.cnbc.com/id/44114128?__source=RSS*tag*&par=RSS
 
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