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AAP
AAP
Business
Abe Maddison

Taxpayers to the rescue of Aussie steel

Premier Peter Malinauskas (left) and Prime Minister Anthony Albanese announce a rescue package. (Isabella Ward/AAP PHOTOS)

Safeguarding Australia's steel production which is essential to the nation's construction industry was a key factor driving a $2.4 billion taxpayer "investment" in the Whyalla works.

A day after the South Australian Government rushed legislation through parliament that allowed it to place steelworks owner GFG Alliance into administration, Prime Minister Anthony Albanese told Whyalla workers their work was "critical to sovereign Australian steel".

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