US EditionAustralia’s BlueScope Leads Global Steel Giants in Push for Gupta’s Whyalla Plant
SOUTH AUSTRALIA, AUSTRALIA, AUG 3 – The consortium, valued at AUD 115 billion, aims to transform Whyalla Steelworks into a low-emissions steel production hub supported by a $2.4 billion government bailout.
- Leading the bid, BlueScope Steel announced on Monday it formed a consortium with POSCO, Nippon Steel, and JSW Steel to pursue Whyalla Steelworks acquisition.
- The South Australian government placed the Whyalla Steelworks into administration and received a A$2.4 billion bailout earlier in 2025, according to BlueScope.
- According to state officials, the sale process has attracted interest from major global steelmakers and low-emission steel producers, overseen by administrator KordaMentha and sale advisors 333 Capital.
- Amid rising hope, South Australian state cabinet is travelling to Port Pirie for a community meeting on Monday night, as Peter Malinauskas said the funding deal is "hopefully very close".
- The consortium has identified Whyalla as a prospective location for future production of lower emissions iron, Bluescope said, and will engage with the South Australian and Federal governments regarding the $1.9 billion funding support if invited to the next phase.
11 Articles
11 Articles
Global steelmakers line up for potential Whyalla steelworks takeover
Some of the world's biggest steel companies have formed a consortium that could acquire the Whyalla steelworks from administration. The news comes as residents in nearby Port Pirie anxiously await an announcement about the future of their city's lead smelter.
Australia’s BlueScope leads global steel giants in push for Gupta’s Whyalla plant
(Reuters) -Australia’s BlueScope Steel said on Monday it has assembled a heavyweight consortium of global steelmakers to bid for Sanjeev Gupta’s troubled Whyalla Steelworks, over a month after the local government formally opened a sale process. The group — comprising Japan’s Nippon Steel, India’s JSW Steel, and South Korea’s POSCO — brings a combined market value of A$115 billion ($74.4 billion), and is eyeing the South Australian plant as a fu…
BlueScope leads global bid as Whyalla sale attracts over 15 bidders - Mining Magazine Australia
Image: Michael Evans/stock.adobe.com BlueScope is fronting a major international push to acquire the Whyalla Steelworks, with more than a dozen bidders advancing to the next stage of the high-stakes sale. In a major development for Australia’s steel industry, BlueScope has announced it will lead a heavyweight international consortium consisting of Japanese giant Nippon Steel Corporation, India’s JSW Steel Limited and South Korea’s POSCO. Togethe…
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