Australia News

Government Announces $2.4 Billion Rescue Package for Whyalla Steelworks

Prime Minister Anthony Albanese said Whyalla was critical to Australia’s national interest and has pledged to transform it into a ‘green iron’ powerhouse.
Government Announces $2.4 Billion Rescue Package for Whyalla Steelworks
The Whyalla Steelworks factory in South Australia, on Aug. 26, 2023. William West/AFP via Getty Images
Alfred Bui
|Updated:

Prime Minister Anthony Albanese and the South Australian (SA) government will attempt to rescue the beleaguered Whyalla Steelworks factory, which produces 75 percent of Australian structural steel.

This comes a day after SA Premier Peter Malinauskas took control of Whyalla Steelworks and placed it into administration, saying it was to deal with the company’s waning financial situation.

Alfred Bui
Alfred Bui
Author
Alfred Bui is an Australian reporter based in Melbourne and focuses on local and business news. He is a former small business owner and has two master’s degrees in business and business law. Contact him at [email protected].