OST onesteel limited
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  1. FNN News
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    29/07/11
    10:15
    Post #: 8743541
    .


    OneSteel Limited (ASX:OST) has announced this morning that its Whyalla blast furnace has now been ramped up to normal operating levels.



    It comes after the steelmaking company finished repairs and redesign work in line with its time and cost estimates, which is estimated to cost about $65 million.



    The company says it expects the work to extend the design life of its Whyalla blast furnace well beyond 2020.



    OneSteel Limited (ASX:OST) is Australia’s second-largest steelmaker.



    For the second half of 2010, OneSteel Limited (ASX:OST) reported a profit of $119.5 million.


    OST Price at posting: $1.77 Sentiment: None Disclosure: Held
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