Liberty boss promises 'no closures', despite his steel empire facing financial collapse
01 Apr 2021
With a business fight like no other, Sanjeev Gupta made a key promise as 3,000 staff await news if Liberty Steel can survive another crisis.
Up to 7,000 Australian jobs at stake following Greensill insolvency
09 Mar 2021
Up to 7,000 Australian manufacturing jobs are at stake after financing firm Greensill filed for insolvency in the United Kingdom and Australia.
Greensill provides up to $6.5 billion in financing to British billionaire Sanjeev Gupta's GFG Alliance - $150 million of which applies to Australian operations including Whyalla Steelworks in South Australia, and a coal mine in NSW.
A creditors meeting will take place in eight business days to determine the future of GFG Alliance as it desperately searches for another funder.
Neighbors of Bethlehem Steel to sue over 2016 fire
26 Jan 2021
Court documents say that chemicals including benzene and other dangerous particulates in smoke and soot caused neighbors to get cancer years after fire damage at Bethelhem Steel left properties in ruin.
S. Korea appeals WTO ruling over anti-dumping tariffs on stainless steel bars from Japan
26 Jan 2021
The South Korean government has appealed the World Trade Organization's ruling that said Seoul violated anti-dumping rules partially when imposing tariffs on Japanese stainless steel bars.
This comes as Tokyo filed complaints to the WTO in 2018, claiming that the South Korean government was unreasonably imposing anti-dumping tariffs on Japanese products.
South Korea has been imposing anti-dumping tariffs on stainless steel bars imported from Japan, India and Spain since mid-2004.
RSP Gas Leak Mishap: National Green Tribunal Seeks Report
12 Jan 2021
The National Green Tribunal (NGT) has issued notice to the authorities of Rourkela Steel Plant (RSP) in connection with the gas leak mishap that took four lives. The tribunal has asked the plant authorities to submit a report by February 11. The gas leak incident at the Coal Chemical Department of the plant had claimed lives of the four contractual employees of the plant.
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