Four industrial supply companies from Sydney and Newcastle owed a combined $684,000 have issued fresh default notices to companies owned by Sanjeev Gupta’s GFG Alliance for unpaid bills related to the Whyalla steelworks.
The unpaid invoices to mid-tier suppliers are a further sign of the extreme financial pressure hitting Mr Gupta’s global operations, with his GFG Alliance under siege on separate fronts in Europe, the UK and Australia.
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Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com
