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The opportunities for Whyalla

8 1
21.02.2025

With Whyalla Steelworks forced into administration, writes Geoffrey Brooks Australia has crucial decisions to make on the future of its steel industry.

Whyalla is a proud steel town. The steelworks physically dominates the townscape, and most jobs in the town are either directly at the steelworks or heavily reliant on it.

In recent months, however, the steelworks have lurched from one setback to another, from serious technical problems that forced shutdowns to rising debts owed to suppliers and the state government.

On Wednesday, the South Australian government forced Whyalla steelworks into administration. To do so, it quickly passed amendments to the Whyalla Steelworks Act. Current owner GFG Alliance will no longer operate the site.

For me, someone intimately involved in the steel industry, the news that the steelworks has been put into administration is not a shock. This has been coming for some time.

On Thursday, Prime Minister Anthony Albanese unveiled a $2.4 billion rescue package.

A portion of this money will be used to address immediate debt issues and keep the plant afloat. But $1.9 billion has been earmarked for major, long-term infrastructure upgrades under a new owner.

The next steps will be crucial if this vital component of Australia’s manufacturing infrastructure – and heart of the town of Whyalla – is to survive.

Whyalla’s steelworks was founded by BHP and opened in 1941, originally concentrating on shipbuilding. It later transitioned to producing structural and rail products........

© InDaily