Bisalloy Steel Group Limited provided earnings guidance for the fiscal year 2016. The Directors of company have May 17, 2016 announced that following the appointment of Voluntary Administrators on 7 April 2016 to oversee the affairs of Arrium Limited, the Group has seen a reduction in demand from one of Bisalloy's three main distributors in Australia. This has resulted in a reduction in sales in the short term as markets normalise. Additionally, the Group has an outstanding debt from this distributor, which in part is insured, and a full provision for the outstanding net amount has been made in this year's financials. Because of the above issues the Board expects earnings before interest, tax and depreciation (EBITDA) for fiscal year 2016 of between $5.4 million and $6.0 million, a reduction of 15%-20% compared to fiscal year 2015.