Troubled Whyalla steelworks gets $2.4bn government bailout as hunt for new owner begins

<p>GFG chair Sanjeev Gupta says SA government is on the ‘wrong course’ after it forced the operation into administration</p><ul><li><a href="https://www.theguardian.com/australia-news/live/2025/feb/20/australia-news-live-richard-marles-defence-china-png-pacific-election-cost-of-living-anthony-albanese-peter-dutton-nsw-vic-qld-ntwnfb">Follow our Australia news live blog for latest updates</a></li><li>Get our <a href="https://www.theguardian.com/email-newsletters?CMP=cvau_sfl">breaking news email</a>, <a href="https://app.adjust.com/w4u7jx3">free app</a> or <a href="https://www.theguardian.com/australia-news/series/full-story?CMP=cvau_sfl">daily news podcast</a></li></ul><p>A support package of $2.4bn will be poured into the Whyalla steelworks to protect thousands of jobs and “invest in the nation”, the prime minister says.</p><p>The federal and South Australian governments would “combine dollar for dollar on administration” to ensure the steelworks kept operating, and staff and creditors were paid, while a new owner was found, Anthony Albanese told steelworkers.</p><p><strong><a href="https://www.theguardian.com/email-newsletters?CMP=copyembed">Sign up for Guardian Australia’s breaking news email</a></strong></p> <a href="https://www.theguardian.com/australia-news/2025/feb/20/whyalla-steelworks-government-bailout-administration-sa">Continue reading...</a>