British industrialist Sanjeev Gupta has been handed $6 million by his Australian steel business InfraBuild, despite the company slumping to a loss in the last financial year amid a surge in cheap ...
Infrabuild is ring fenced from Whyalla but is a secured creditor owed at least $100m, including prepayments from delivery of steel billets it buys from the mill. Mr Gupta has made clear he did not ...
Infrabuild and OneSteel Manufacturing – the owner of the Whyalla steelworks which was placed in administration in mid-February – delayed the lodgement of their 2024 financial year reports while Mr ...
The administrators of the Whyalla steelworks temporarily halted the delivery of steel to InfraBuild in a stand-off over payment amid tense relations between the two businesses associated with Sanjeev ...
Australia’s only recycled steelmaker has landed its first Olympic contract, but its chief isn’t celebrating, he’s firing a warning shot at Asian imports flooding the market. The company will supply ...