Reported at www.abc.net.au: Prime Minister Anthony Albanese announced a $2.4 billion support package for Whyalla’s steelworks, which recently went into administration due to financial difficulties under GFG ownership.

The funding aims to secure jobs and ensure the long-term future of steelmaking in Australia, with $1.9 billion allocated for new infrastructure under a new owner.

Both state and federal governments are collaborating on this initiative, which is not a bailout for GFG but rather assistance for local businesses and workers affected by the situation.