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AAP
AAP
Politics
Abe Maddison

Nation grinds to a halt without steel, industry warns

Isabella Ward Whyalla Anthony Albanese Peter Malinauskas Sanjeev Gupta SA ACTU
Anthony Albanese and SA Premier Peter Malinauskas signed off on a package to save Whyalla Steelworks (Abe Maddison/AAP PHOTOS)

Failing to secure the future of steel production would expose Australia to significant economic repercussions, including job losses and disruptions in the construction and mining sectors, the Australian Steel Institute says.

Prime Minister Anthony Albanese and SA Premier Peter Malinauskas announced a $2.4 billion industry support package in Whyalla on Thursday, a day after the SA government rushed legislation through parliament that allowed it to place the town's steelworks into administration because of the mounting debts of its owners, GFG Alliance.

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