KordaMentha reports that the Whyalla steelworks is facing losses of $1.5 million daily as it approaches administration.
Whyalla steelworks losing $1.5m per day before administration, KordaMentha says
March 7, 2025
0 Comments
One thought on “Whyalla steelworks losing $1.5m per day before administration, KordaMentha says”
Leave a Reply
Explore More
Former NSW asbestos investigator calls for more controls on waste disposal
Former NSW asbestos investigator urges stricter regulations on waste disposal.
Australian academics refuse to attend US conferences for fear of being detained | Australian universities
Australian Academics Avoid US Conferences Due to Detention Concerns In recent years, a growing apprehension has emerged among Australian scholars regarding participation in academic conferences held in the United States.
US influencer who snatched a baby wombat and posted the video online has visa reviewed
US influencer faces visa review after posting video of herself grabbing a baby wombat.
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.