Ministerial Briefings Relating To Whyalla Steelworks And Associated Parties.

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A ministerial briefing prepared for the Minister for Industry and Science ahead of a November 2024 meeting with Federal Member for Grey Rowan Ramsey addresses concerns about the Whyalla Steelworks' viability. The briefing notes that the Albanese Government is monitoring financial and operational challenges facing current owner GFG Alliance, including concerns about proprietor Sanjeev Gupta's global debt position and European operations. Despite $113.2 million in combined Commonwealth ($63.2 million) and State ($50 million) funding being made available, project milestones are not progressing. The government is pursuing steel sector sustainability through the Future Made in Australia agenda and exploring hydrogen as an enabler, while coordinating with state government and federal employment services to support the community. Key sensitivities identified include the risk that a steelworks closure could undermine government renewable energy commitments and Future Made in Australia credibility, alongside significant