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OneSteel Limited’s (ASX:OST) full year net profit has fallen in line with its forecast, down 11 per cent to $230.3 million.



Earlier this year the steelmaker downgraded its earnings guidance, blaming uncertainty around foreign exchange rates, prices and demand for steel in addition to adverse weather conditions. 



Looking ahead OneSteel has refused to provide earnings guidance, it says due to the high level of uncertainty surrounding the factors that impact its earnings.



Longer term OneSteel expects strong growth for Mining Consumables underpinned by increased mining activity.



An unfranked final dividend of 4 cents has been declared, taking the total payout for the year to 10 cents per share.