Overview

• BlueScope says access to adequate, affordable east‑coast gas is the biggest hurdle to a potential bid for the Whyalla steelworks.
• BlueScope is leading a consortium considering an offer, with partners including Nippon Steel, POSCO and JSW Steel.
• The federal and South Australian governments have announced a $2.4 billion support package, including funding to upgrade the site under new ownership.
• CEO Mark Vassella is urging measures to lower domestic prices, proposing government bulk gas purchases or a levy on uncontracted LNG exports to fund cost relief.
• The federal review of gas‑market rules is underway as some LNG ventures backed by Origin and Shell signal openness to a reservation scheme, while Santos‑linked GLNG and key Asian buyers warn of investment risks.