Corus results set to break loss-making mould

Former British Steel group Corus is to finally break its loss-making mould with much-improved half-year results later this week, analysts said today.

Corus will announce pre-tax profits for the first time as the company created from the British Steel and Hoogovens merger of 1999 benefits from rising steel prices and a turnaround plan by new chief executive Philippe Varin.