BlueScope Steel has posted a $A12 million loss for the first half of the financial year.
The loss in the six months to 31 December was an improvement from a $A530 million loss in the same period in the previous year.
AAP reports that was a result of massive restructuring within the business, including job cuts aimed at overcoming the impact of the high Australian dollar and strong competition from overseas.
Underlying net profit in the six months to December, was $A10 million, up from a loss of $A136 million in the previous corresponding period.
The company on Monday forecast a small profit in the second half of the financial year.
