Arrium offers upbeat update

Company News

Arrium Limited (ASX:ARI) says its year-to-date sales are 23 per cent higher than the previous corresponding period.
 
The iron ore miner expects to sell between 8.2 and 8.4 mega tonnes for the full year in line with previous guidance.
 
Arrium remains upbeat in its quarterly update, with the iron ore price strong during the March quarter and a record of 3.14 mega tonnes of ore mined.
 
The company says it’s broadening its customer base as it ramps up production and introduces new products to the market.
 
Arrium says its port construction activities are on track, with sales to be in full swing by August 2013.
 
Arrium posted a net loss of $445.4 million for the first half of the current financial year.

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