25
May
09:39
South Australia warns Arrium must be sold complete
South Australian treasurer Tom Koutsantonis has warned that government support for the sale of miner and steelmaker Arrium could be pulled if administrators try to sell the profitable Moly-Cop unit without the Whyalla steelworks. The loss-making Whyalla works will require significant government support to be attractive, Kallanish notes.
Moly-Cop’s grinding media business was valued at around $1 billion when investors considered buying the unit from Arrium …
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Anonymous
Very good overview of the weekly steel market.
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