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UK firm Greensill Capital has been placed into administration. Here’s what it could mean for Whyalla – ABC News

The fall from grace of a billionaire businessman has caused ripple effects across the world. Here’s what it could mean for the South Australian steel city of Whyalla….

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A wealthy businessman’s fall from grace has caused ripple effects across the world, and in Whyalla the feeling is they are “not going to be immune from the contagion”.
Here’s what it could mean for Australia’s second largest steelworks.
What’s going on?
Australian billionaire Lex Greensill of Greensill Capital has filed for insolvency, leaving businesses across the globe in the lurch.
One of those is Sanjeev Gupta’s GFG Alliance  owner of the Whyalla Steelworks.
Locals are hanging tough, but with…

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