Australian premier says steel industry needs recapitalisation after Whyalla blast furnace closure
South Australian Premier Peter Malinauskas says the state's steel-making capacity is at risk without investment in aging infrastructure.
Premier Peter Malinauskas said there is optimism that steel making will continue in South Australia following the closure of a major blast furnace at Whyalla announced yesterday. Speaking to ABC News Breakfast from the site, Malinauskas said the blast furnace, built in 1965, has not been realigned in 20 years and requires recapitalisation to remain viable.
"If we lose this capacity behind me, this country doesn't have structural steel-making capacity and we can't afford that," Malinauskas said. He stated the state government is working with the federal government on a plan to recapitalise the plant, describing the blast furnace's continued operation as "a miracle."
Sources
- Australian politics live: ‘No plans’ for further fuel excise cut as petrol prices climb; university sector alarmed by One Nation — The Guardian — World
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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