【SMM Steel】South Australia allocates additional funds to aid Whyalla Steelworks

Published: Jun 8, 2026 18:09

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【SMM Steel】The South Australian government announced in its 2026-27 budget on June 4 that it will provide an additional 319 million AUD (228 million USD) over the next two years to support the sale and subsequent operation of the Whyalla Steelworks . Since being placed into administration in February 2025, the plant has received over 2.88 billion AUD (2.06 billion USD) in state and federal funding . The government has also allocated 6.5 million AUD (46.6 million USD) over two years to support the steelworks' transition to low-carbon steelmaking, backed by a gas agreement with Santos . Recently, Australian company M Resources and India's Jindal Steel were shortlisted as qualified bidders for the acquisition .

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