Steel Times International News
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GFG Alliance alleged to have 'misappropriated funds' by French government
According to a report in UK Newspaper The Guardian, the French government has grounds to believe that Sanjeev’s Gupta’s GFG Alliance has ‘misappropriated’ funds from a steel plant in Romania, as stated in court documents from a case involving one of the metal magnate’s companies.
14 March 2022 -
Metinvest sends strong message to Russian steelmakers
Ukrainian steelmaker Metinvest has sent a strong message to Russian steelmakers likening the actions of Vladimir Putin to those of Adolf Hitler at the beginning of the Second World War and outlining some of the atrocities that have taken place since the unprovoked and totally unnecessary invasion started on 23 February 2022. Here is Metinvest's message in full.
10 March 2022 -
Jindal Stainless: 'the company has a healthy order book'
Abhyuday Jindal, managing director of Indian steelmaker Jindal Stainless, has issued a statement on the impact of Russia's unprovoked invasion of neighbouring Ukraine, but stopped short of condemning Vladimir Putin's actions, focussing instead on his company's 'robust risk management practices'.
08 March 2022 -
HMRC withdraws court cases against four companies within Liberty Steel
HM Revenue & Customs has dropped court cases to wind up four companies run by Sanjeev Gupta over unpaid tax bills totalling more than £26 million.
08 March 2022 -
UK Conservative party peer resigns as chairman of Russian mining firm
UK Conservative party peer Greg Barker, has resigned as chairman of EN+, the mining company part-owned by the sanctioned Russian oligarch Oleg Deripaska.
08 March 2022 -
Metinvest engaged in 'major humanitarian mission'
Ukrainian steelmaker Metinvest says that its four mills in Mariupol and Zaporizhzhia are currently in ‘hot conservation mode’ and the company is engaged in 'a major humanitarian mission'.
08 March 2022
