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AAP
AAP

FED:Buyers firm for Whyalla steelworks, island smelter

Whyalla Australia

The troubled Whyalla steelworks and Australia's only manganese smelter, both once owned by controversial businessman Sanjeev Gupta, are closer to locking in buyers.

Australian-owned enterprise M Resources and Indian company Jindal Steel were the final bidders on the shortlist for South Australia's Whyalla, it was announced on Wednesday.

The two bidders were short-listed from an initial 70 expressions of interest as part of the multibillion-dollar process, although an Australian-led BlueScope Steel consortium still retains the right of last offer.

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