South Australian Government Allocates $650 Million to Save Whyalla Steelworks

Whyalla steelworks owner, OneSteel Manufacturing, is in administration, but the government says its package is designed to support jobs and the local economy.

Prime Minister Anthony Albanese (second right) and South Australian Premier Peter Malinauskas (second left) at the Whyalla steelworks in South Australia, on Feb. 19, 2025. AAP Image/Isabella Ward

The South Australian government’s 2025/26 State Budget has allocated $650 million to support Whyalla steelworks, as part of a $2.4 billion package to keep the site operating.

This follows the collapse of its owner, OneSteel Manufacturing, into administration, and the failure of an earlier government-backed plan to save the site by using it to produce “green steel.”