Bluescope Steel's $1.6b profit. But still not paying corporate tax, given "carry forward" losses from transformation.

Bluescope Steel chief executive Mark Vassella tells @eleanorhall1 that the company is still not in a position to pay corporate tax as it utilises "carried forward tax losses" in Australia and NZ. 

"We are certainly absorbing the accumulated tax losses that we have. The sooner we get back to paying tax the better outcome for Bluescope because it means we are generating profits," Mr Vassella told The World Today.