July 17 (Reuters) - BlueScope Steel Ltd BSL.AX :
* EXPECTS PRELIMINARY UNAUDITED UNDERLYING EARNINGS BEFORE INTEREST AND TAX (EBIT) FOR FY2020 TO BE AROUND $560 MILLION
* CURRENTLY HIGH LEVEL OF UNCERTAINTY IN CO'S KEY MARKETS AT START OF FY2021 DUE TO PANDEMIC AND WEAKER STEEL SPREADS
* REVIEWING CARRYING VALUE OF NZ AND PACIFIC STEEL SEGMENT BASED ON UPDATED EXPECTATIONS OF LOWER SUSTAINABLE EARNINGS IN LONGER-TERM
* REVIEWING EXPECTED TO RESULT IN AN IMPAIRMENT OF AROUND $200 MILLION