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Friday 18 April 2025
Last Updated : GMT 09:40:38
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GFG

British firm buys Australian steelmaker Arrium

Themuslimchronicle, themuslimchronicleBritish firm buys Australian steelmaker Arrium267374/84
Sydney - AFP
London-based GFG Alliance has bought Australia's Arrium, the miner and steelmaking giant said Wednesday, ending a tussle with a Korean consortium over the company after it went into voluntary administration last year. The cash-strapped firm, formerly known as OneSteel when it was spun-off from BHP Billiton in 2000, had struggled with bad debt on the back of plunging commodity prices.Read more

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