04
May
14:13
GFG conducts ‘due diligence’ with Whyalla financiers
Sanjiv Gupta’s GFG Alliance says it is in advanced due diligence to choose a new financier for its steelworks in Whyalla, according to comments given to the Financial Times. An application to wind up the operation will have a first hearing in court later this week, Kallanish notes.
The Whyalla steelworks was bought by GFG alliance after previous owner Arrium went bankrupt in 2016. Surging steel prices however mean that the plant should now be profitable.
Th…
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Anonymous
Very good overview of the weekly steel market.
Anonymous