Australia Markets closed

Arrium in trading halt

Shares in iron ore miner and steelmaker Arrium are in a trading halt, pending an announcement by the company.

Arrium says it will update the market on the recapitalisation of the company and its talks with lenders after the lenders rejected a recapitalisation plan incolving GSO Capital Partners.

The miner's shares, which last traded at 2.2 cents, will remain in a halt until the start of trading on April 6, or when the announcement is made to the market - whichever is earlier.