14
Jun
11:40
$111m government funding paves way for Arrium sale
The sale process for Australian steelmaker and miner Arrium is due to start in late July and the prospect of AUD 150 million ($111m) of government aid for its Whyalla steelworks may boost offers. Some criticism has already emerged of the possible government support however, Kallanish notes.
The South Australian government has said it will provide AUD 50m to any bidder which will make the Whyalla operation sustainable. That is premised however on an additional AU…
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Anonymous
Very good overview of the weekly steel market.
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