The West Australian reported that shares in BlueScope Steel are in a trading halt as it seeks to sell shares not taken up in a recent capital raising.

The steelmaker was seeking to raise AUD 600 million through the issue of new shares to institutional and retail shareholders, with which it would repay some of its debt.

The company said it would undertake a book build process for the shares not taken up under the retail component of the entitlement offer.

The trading halt will last until Monday unless the outcome of the book build is known earlier.

(Sourced from thewest.com.au)