OneSteel News

ANZ estimates the likely change in government spending in 2012-13 will lead to around a 1ppt drag on growth in that year, although it is very difficult to be precise about this estimate.

Shareholders of listed steel, mining and mining consumables company OneSteel voted this morning on a board proposal that it ditch its distinctive name in favour of the new moniker, Arrium.

OneSteel one day, Arrium the next. A OneSteel CEO Geoff Plummer admitted over the weekend that his company's new name, Arrium, is a made-up word.

OneSteel chief Geoff Plummer discusses the company's name change to Arrium to reflect an evolution from a pure steel business to a more diversified mining organisation.

Today's announcement follows comments in February that the Board had decided it was appropriate to assess the benefits of re-naming the company to reflect the significant change in the nature of its business over recent years.