Market Chatter: BlueScope Steel Among Potential Buyers Circling South Australia Steelworks

MT Newswires Live

Mar 26, 2025

BlueScope Steel (ASX:BSL) is among the ten to 12 credible parties in the race to acquire the steelworks in Whyalla in South Australia, The Australian reported Wednesday.

KordaMentha partner Sebastian Hams, told the Whyalla One forum of workers and creditors that the firm, which is the administrator of the steelworks, aims to have it sold within the year and that it was in the process of assessing the OneSteel Manufacturing business, which includes mining and steelmaking divisions, before making a proposal for potential acquirers.

BlueScope was brought in by KordaMentha to give advice regarding the operation of the blast furnace, which went cold twice last year. The blast furnace was now operating as expected, Hams added.

Hams disclosed the employment of 63 new full-time staff, with 45 of those in the steelworks and 18 in mining.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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