Australia Markets closed

Earnings improving at Arrium

Steel and mining group Arrium expects earnings in its steel and mining consumables divisions to improve in the second half of the financial year on the back of higher volumes.

However, it expects iron ore prices to remain volatile and is targeting further reducing its breakeven price, chief executive Andrew Roberts says.

"Lowering the company's overall cost base and improving productivity levels is one of the key priorities for the company," he told shareholders at the company's annual general meeting on Tuesday.