March 30 (Reuters) - Kordamentha:
* update on the Arrium group of companies
* in conjunction with morgan stanley, the administrators have shortlisted two bidders to progress to the next stage of the process
* both bidders are seeking to purchase the Arrium Australia business in one-line.
* administrators are aiming to have process finalised by 30 June 2017 Source text for Eikon: ID:nASX6WkWYG Further company coverage: ARI.AX