06
Apr
15:18
Credit Suisse applies to wind up OneSteel
Citibank, on behalf of Credit Suisse, has filed an application with the New South Wales Supreme Court to wind up two companies, both part of Sanjiv Gupta’s GFG Alliance. OneSteel owns the Whyalla steelworks and Tahmoor Coal has a coking coal deposit in eastern Australia, Kallanish notes.
The first hearing is expected on 6 May. The move could see both companies handed over to liquidator McGrathNicol. After Gupta purchased Whyalla and other assets in Australia…
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Anonymous
Very good overview of the weekly steel market.
Anonymous