4 August 2025

More than 15 national and international parties have passed the final expression of interest phase for the Whyalla Steelworks, in a positive sign for the steelmaker’s transition to new ownership and the future of sovereign steelmaking.

The final expression of interest stage of the sale process closed on Friday, with sales advisor 333 Capital reporting interest from credible parties from around the world.

333 Capital will now move to solicit indicative bids from shortlisted parties that have expressed interest. At this point in the process, with interest from multiple credible parties, there is no preferred bidder.

The South Australian government and the Australian government continue to provide support to the administrator of the Whyalla Steelworks, and just last month announced a further $275 million to maintain safe operations, pay wages and suppliers, and undertake critical works to strengthen the steelworks positions as a viable long-term asset for a new owner.

This investment gives the Administrator and sales advisor 333 Capital time to progress negotiations and find the right long-term owner, while ensuring the people of Whyalla are backed every step of the way.

The South Australian government and the Australian government also have funding on the table for necessary upgrades and new infrastructure, in collaboration with a new owner, to ensure the steelworks has a sustainable, long-term future.