Liberty Steel Seeking Early Payments from Customers
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Liberty Steel Seeking Early Payments from Customers

According to a Bloomberg report, Times of London reported that at least one of Liberty’s key suppliers placed stricter credit terms on the business over

According to a Bloomberg report, Times of London reported that at least one of Liberty’s key suppliers placed stricter credit terms on the business over increase concern about the future of Gupta’s GFG Alliance. A company that deals with Liberty in Scotland told the Times that the steel producer wants to shorten existing trading terms to 30 days credit from 60 to 80 days.

Mr Sanjeev Gupta’s Liberty Steel tightened credit terms for customers of its Scottish operations as his GFG Alliance seeks working capital following the collapse of its biggest lender, Greensill Capital.

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