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AAP
AAP
Abe Maddison and Ethan James

Buyers firm for Whyalla steelworks, island smelter

A South Australian town is waiting on the result of a bidding process for its steelworks. (Isabella Ward/AAP PHOTOS)

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.

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