I don't see a controlling shareholder buyout of Arrium is on the cards in the foreseeable future.
Hi Snoopy

I assume you meant "by Arrium" and I'd agree with that. Arrium have plenty on their plate without taking on more of STU - and after all the name change was designed to alter perceptions that OST was a purely steel manufacturer. In the period from 2007 -2012, the company's"steel" assets dropped from 92% to 47% of total value, the balance being largely Mining anf Mining Consumables. I don't see them wanting to reverse that trend.