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AAP
AAP

SA:No Whyalla wipeout? Final race for steelworks narrows

Whyalla

Two bidders have been short-listed to take over the troubled Whyalla steelworks in a multibillion-dollar sales process, although an Australian-led consortium still retains the right of last offer.

South Australian Premier Peter Malinauskas announced on Wednesday that Australian-owned enterprise M Resources and Indian company Jindal Steel were the final bidders on the shortlist, from an initial 70 expressions of interest.

A $2.4 billion sovereign steel package was announced in 2025, after the state government placed the steelworks into the hands of administrators because of the mounting debts of ultimate owner GFG Alliance.

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