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Whyalla Steelworks Furnace Shutdown Amid Sale Talks
Description
Whyalla Steelworks Blast Furnace Shuts Down Amid Sale Talks: The ancient coal-fired furnace at Whyalla Steelworks is offline for maintenance, with administrators Korda Mentha making the call. The plant has been struggling since a state push into administration and a bailout in 2021. Only five bidders remain in the race for the plant, with Bluescope Steel leading a team including Nippon Steel, Posco, and JSW Group. The switch to an electric arc furnace is crucial for any sale, but the state wont buy if no deal is made.
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