SYDNEY: Australia’s BlueScope Steel says it has assembled a heavyweight consortium of global steelmakers to bid for Sanjeev Gupta’s troubled Whyalla Steelworks, over a month after the local government formally opened a sale process.
The group, comprising Japan’s Nippon Steel, India’s JSW Steel and South Korea’s Posco, brings a combined market value of A$115bil (US$74.4bil), and is eyeing the South Australian plant as a future hub for low-emissions iron production for domestic and export markets.
