Dozen potential buyers show interest in Whyalla steelworks

Whyalla Steelworks administrators hopeful of company revitalisation

Dozens of new jobs have been announced at Whyalla Steelworks. The ailing domestic supplier of structural and rail steel on South Australia's Upper Spencer Gulf, was forced into administration by the state government. Administrators say that under the previous owner, the plant was so understaffed and under-resourced, it was operating safely only by virtue of the dedicated local workforce.

Dozen potential buyers show interest in Whyalla steelworks

A dozen potential buyers have shown interest in taking over the trouble-plagued Whyalla steelworks in South Australia.

KordaMentha, now running the Whyalla steelworks after it was seized from Sanjeev Gupta, spent $60 million in an emergency buy-up of coal.

The steelworks’ administrators have secured coking coal from BlueScope, China and Indonesia to keep making steel after it was left with only three days’ supply.

Whyalla's 'MacGyver-like' steelworkers praised as site on track for sale

Whyalla steelworks administrator KordaMentha says it has identified up to a dozen "interested parties" as it seeks to secure a sale of the business by the end of the year, and has also praised the "MacGyver-like" ingenuity of local workers contending with a plant in need of repair.

Foreign investors are showing interest in İnegöl. İnegöl Carpenters and Furniture Makers Chamber President Özcan Ayhan made a statement on the subject.

'MacGyvers' praised as steelworks claws back from brink

Administrators have lauded the 'MacGyver-like' skills of steelworkers, as an industry support package injects cash, jobs and confidence into a regional city.