KordaMentha reports that the Whyalla steelworks is facing losses of $1.5 million daily as it approaches administration.

One thought on “Whyalla steelworks losing $1.5m per day before administration, KordaMentha says”

  1. The news about Whyalla steelworks losing $1.5 million per day is quite concerning and highlights the challenges facing the industry, particularly in terms of operational costs and market conditions. The fact that they’re considering administration indicates the severity of the financial situation. It’s essential to understand what factors have led to this loss, including changes in demand, competition, and possibly rising input costs.

    KordaMentha’s involvement suggests that the situation is critical, and they may provide guidance on restructuring or finding a way forward. It will be interesting to see how stakeholders respond and what measures could be taken to stabilize the steelworks. The impact on the local economy and jobs is also a significant concern, and hopefully, there will be a plan to mitigate these potential losses for the community.

Leave a Reply

Your email address will not be published. Required fields are marked *


Explore More

Coalition costings reveal worse budget bottom line under Dutton than Labor

Title: Analyzing Coalition Costings: A Closer Look at Dutton’s Budget Compared to Labor In a recent analysis of coalition costings, findings indicate that under Peter Dutton’s leadership, the budgetary outlook

[no-politics] Tech Tuesday and other random discussion thread 06/May/2025

Tech Tuesday: Share Your Gadgets and Get Help! Welcome to another exciting edition of Tech Tuesday! This is your chance to dive into discussions about the latest technology, share your

Exclusive: Tesla Cybertruck firms for Australian release to fill a “real gap in the market”

Exclusive: Tesla Cybertruck Prepares for Launch in Australia to Meet a Significant Market Demand