Arrium to cut more costs

STRUGGLING steel and mining group Arrium is shortlisting parties to undertake due diligence on its mining consumables unit, and cutting more costs.

STRUGGLING steel and mining group Arrium is making fresh cost cuts and shortlisting parties to take a close look at a business it is looking to sell.

THE company announced a strategic review in August in an effort to reduce debt, after being hit hard by the plunge in iron ore and steel prices.