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
Labor proposes to let all first home buyers purchase with 5 per cent deposit – ABC News
New Proposal to Assist First-Time Homebuyers: A 5% Deposit Initiative In a bold move aimed at easing the financial burden on first-time homebuyers, the Labor party has unveiled a proposal
774 ABC Melbourne and ABC Victoria…and everywhere else?
774 ABC Melbourne and ABC Victoria… available everywhere else? What makes this particular ABC frequency so much more accessible than others? I can pick it up consistently from Lakes Entrance
Wtf is this?
What on earth is this? I discovered it crawling in my shed. Initially, I thought it was a large European wasp, but it resembles a cross between a slater and
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.