Nov 12 (Reuters) - BlueScope Steel Ltd BSL.AX :
* LEGAL PROCEEDINGS IN NEW ZEALAND AGAINST TOWARD INDUSTRIES LIMITED WERE DISCONTINUED BY PLAINTIFF
* PROCEEDINGS WERE RELATED TO NZ IRON SANDS HOLDINGS LIMITED'S FAILED ATTEMPT TO BUY TOWARD'S TAHAROA IRON SANDS MINING BUSINESS
* TOWARD HAS AGREED TO PAY A SMALL AMOUNT OF NZ IRON SANDS HOLDINGS LTD'S LEGAL COSTS