Overview

• The formal sale process opened with at least 33 interested parties, predominantly global steelmakers accessing a secure data room to conduct due diligence
• South Australian and federal governments have committed $1.9 billion of the Sovereign Steel package to transform the facility into a commercially viable, low-emissions pit-to-port operation
• Administrators KordaMentha have maintained production by adding 75 staff and secured an extra $384 million in funding in the June state budget
• BlueScope Steel is viewed as a frontrunner alongside potential consortia from India, Japan and Korea, with a sale expected in the second half of 2026
• Local economy support measures include a $100 million business creditor assistance scheme disbursing $15 million to 61 local businesses and a $32.4 million Whyalla Airport upgrade to accommodate larger aircraft