Wed May 11, 2011 10:39pm GMT
SYDNEY May 12 (Reuters) - Australian steel producer BlueScope Steel has cut its earnings guidance due to the strong Australian dollar, falling global steel prices and demand weakness in the domestic distribution and pipe and tube markets.
BlueScope now expects to report a "small" net loss after tax for its fiscal second half, below a February forecast for breaking even, the company said in a statement on Thursday. (Reporting by Balazs Koranyi; editing by Michael Smith, sourced Thomson Reuters)
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