Steelmaker OneSteel Limited expects conditions for the Australian steel industry to remain challenging.

Mr Peter Smedley chairman of OneSteel said that "In Australian steel, we are currently not seeing any improvement in overall activity levels or demand, with increased international economic uncertainty weighing on confidence levels."

He added that "We are expecting conditions to remain challenging for these businesses over the remainder of the financial year. We are making good progress with our cost and operational response to the difficult steel environment, as well as our steel product portfolio and facilities footprint review."

(Sourced from AAP)