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15 Buyers Circle Australia’s Whyalla Steelworks, Seemingly Assuring Its Future

The major steel manufacturing plant, which was bailed out by the federal and state governments, looks like it will sell to a private buyer.
15 Buyers Circle Australia’s Whyalla Steelworks, Seemingly Assuring Its Future
Prime Minister Anthony Albanese (second right) and South Australian Premier Peter Malinauskas (second left) at the Whyalla steelworks in Whyalla, South Australia, on Feb. 19, 2025. AAP Image/Isabella Ward
Rex Widerstrom
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A $2.4 billion (US$1.55 billion) federal and state government bailout and restructuring of the Whyalla Steelworks, announced in February, appears to have rescued the operation.

Administrators confirmed that a large group of potential investors was interested when the final expression of interest phase ended on Aug. 1.

Rex Widerstrom
Rex Widerstrom
Author
Rex Widerstrom is a New Zealand-based reporter with over 40 years of experience in media, including radio and print. He is currently a presenter for Hutt Radio.