Australia’s federal government is in regular talks with steel magnate Sanjeev Gupta amid concerns the Whyalla Steelworks could fall victim to the cascading insolvency crisis involving supply chain finance firm Greensill.
Minister for Industry Karen Andrews said the government was closely monitoring GFG Alliance given the importance of the Whyalla Steelworks in terms of local jobs, but also due to its connections to supply steel for major projects such as the $10 billion inland rail project and Navy frigates.
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Michael Roddan is a Walkley Award-winning national correspondent based in Sydney. He is a former business and economics reporter for The Australian. Connect with Michael on Twitter. Email Michael at m.roddan@afr.com
Hans van Leeuwen covers British and European politics, economics and business from London. He has worked as a reporter, editor and policy adviser in Sydney, Canberra, Hanoi and London. Connect with Hans on Twitter. Email Hans at hans.vanleeuwen@afr.com
