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'At Least 33' Potential Buyers for the Whyalla Steelworks_ SA Premier Says

  • South Australia's Whyalla steelworks sale process officially opened today with 33 potential buyers expressing interest in acquiring the plant.
  • This follows the state government's February decision to place the steelworks into administration and remove it from GFG Alliance ownership.
  • Administrators KordaMentha and advisors 333 Capital are managing the sale, which is backed by a joint federal and South Australian government commitment of $1.9 billion to facilitate the facility’s transformation into a low-emission operation.
  • Premier Malinauskas expressed optimism about having a clear plan for the future, while Minister Ayres highlighted the importance of proceeding carefully to ensure positive results.
  • The process aims for a sale in the second half of 2026, with ongoing recruitment and apprenticeships indicating a stabilizing steelworks important to Australia's sovereign steelmaking capability.
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The Canberra Times broke the news in Canberra, Australia on Tuesday, June 24, 2025.
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