The impact of slow conditions in manufacturing and construction around the world continues to impact building industry suppliers in Australia as mining and steel manufacturing company Arrium announces write-downs of $480 million after tax in asset impairments and restructuring charges.

In its latest announcement to the Australian Stock Exchange, Arrium says it intends to put its US recycling business and its non-integrated merchandising business for sale on the market – causing a write-down to the value of $360 million as the amounts realised from sale of these assets is not…