Oct.1 (Reuters) - Arrium Ltd ARI.AX :
* Strategic review update and business transformation ARI.AX
* Says continues to assess a number of alternatives to provide more diverse and flexible debt funding
* Recent restructuring work is on track to deliver a significantly lowered targeted average cash breakeven price for FY 2016 of us$47/dmt1
* Says progressing work to improve group profitability and cash generation through re-setting its cost base
* Source text for Eikon ID:nASX9TM61D