The voice of the Australian steel industry The Australian Steel Institute (ASI) has welcomed government intervention to guarantee jobs and payments at Whyalla steelworks.
“We welcome administrators stepping in to stabilise the business and ensure that creditors are paid,” ASI CEO Mark Cain said.
Whyalla produces 75 per cent of Australian structural steel.
Cain said positive announcements for Whyalla and the Australian steel industry at large to emerge from today’s (February 20) state and federal government announcements were:
“We welcome the clear signs from both governments of their support for the local industry and have been working closely with them on ensuring a prosperous future for the industry.”
The Australian Steel Institute (ASI) is the peak body for the Australian steel industry, representing 500 companies and 5,000 members. Steel generates 100,000 jobs and $30b in annual revenue in Australia.
For more information on this press release, please contact ASI marketing and communications manager Steven Andrew on 0473 480 964 or stevena@steel.org.au.