Top Greensill client sees key cash source evaporate ...Qatar

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Over the past decade, Sanjeev Gupta has built a reputation as one of the globe’s biggest boosters of steel, sealing a slew of deals for mills and smelters from Romania to Australia – while racking up billions in debt for moribund assets that few others wanted. The former commodities trader has sketched out a vision of a greener future for steel, with his loose network of companies – GFG Alliance – leading the way. But the near-collapse of his biggest lender, Greensill Capital, has abruptly choked off a key source of funding and is threatening that pace of breakneck expansion. Prompted by concerns over the impact of the unravelling of Lex Greensill’s trade-finance firm, Spain’s government ha

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