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29 Sep
18:03

British Steel to recover profitability this fiscal year

British Steel has successfully implemented the first stages of its turnaround plan and is on track to return to profit for the fiscal year ending March 2017, the steelmaker tells Kallanish. “We have hit our performance targets and returned the business to profitability in our first 100 days as an independent company," states British Steel chief executive Roland Junck. The Scunthorpe-based steelmaker, acquired from Tata Steel by Greybull Capita…
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