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 to audadmin Cancel reply
Explore More
Australian Election Discussion Thread 27/Mar/2025
Australian Election Discussion Thread – 27 March 2025 Mark your calendars! The 2025 Australian federal election is scheduled to take place on or before 17 May 2025, where voters will
Inquest finds ‘systemic failures’ in lead-up to Darwin woman’s death after routine surgery
Inquest Reveals ‘Systemic Failures’ Leading to Darwin Woman’s Death Following Routine Surgery
Drone vision shows coastal erosion on Gold Coast beaches after ex-Tropical Cyclone Alfred
Aerial footage reveals coastal erosion on Gold Coast beaches following ex-Tropical Cyclone Alfred.
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.