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The interest from such prominent international entities signals a promising shift in the fate of the South Australian steelworks near Wala. The plant, once a cornerstone of the region's industrial landscape, has faced financial difficulties, especially after the last private owner let operations decline into unsustainability. The current process involves an expression of interest intake closed last week, marking a momentous occasion given the scale of companies involved—some of the world's biggest steelmakers and iron ore consumers—coming into the South Australian market to assess its potential.