Shares in Arrium Limited
(ASX:ARI) jumped more than 10 per cent after releasing an upbeat outlook.
The mining and materials company expects continued strong demand for grinding media and says total sales volumes are up in the year to date.
Arrium has also advised it is winning more than market share of new projects and expansions in North and South America and delivering stable grinding media margins.
Looking ahead the company expects earnings to be weighted to the second half of the current 2015 financial year.
Arrium rebounded to a full year profit of $207 million in the 2014 financial year.
