Part 9/11:
Another focal point is the steel manufacturing sector, particularly the Wireless Steel Works in South Australia. Recent federal and state commitments totaling $275 million aim to sustain this plant, which is vital for local employment and industry. However, Malinowskis admits that transforming the steelworks into a globally competitive, decarbonized operation remains a formidable challenge.
Located strategically near high-quality magnetite resources and port facilities, the steelworks has the potential to pioneer green steel and 'green iron' exports. The key is attracting a capable owner with the vision and financial resources to integrate supply chain components—magnetite ore, natural gas, and innovative steel-making technologies—into a globally competitive operation.