Arrium is a global business with 7,500 employees worldwide. Under crippling debt of over $4 billion, we were engaged in April 2016 to restructure the business and deliver a miracle outcome – to save the business and the city of Whyalla, a community of 22,000 in regional South Australia, entirely dependent on the mine and steelworks.What kind of steel does Arrium make in Australia?
The division manufactured long steel products, structural pipe and tube, and wire products in Australia; it distributed structural steel and reinforcing products in Australia through about 200 sites and supplied scrap metal to foundries, smelters and steel mills in Australia and internationally. ^ Medhora, Shalailah (8 April 2016).What do you need to know about Arrium limited?
Further information is provided on the KordaMentha website, including a copy of the s439A report and details for the second creditors' meetings. Arrium Ltd (ASX:ARI) (Arrium) is an international diversified mining and materials company listed on the ASX, with three key business segments: Arrium Mining Consumables, Arrium Mining and Arrium Steel.When did Arrium stop trading on the ASX?
It is also Australia's leading steel distributor and reinforcing steel supplier. On 6 April 2016 Arrium requested a halt to trading their shares on the ASX until they could be in a position to make an announcement about discussions with lenders (banks and noteholders) following a recapitalisation plan that was rejected by GSO Capital Partners LP.