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BlueScope explores buying Whyalla Steelworks amid financial challenges and a worker’s death.
BlueScope Steel is cautiously exploring a potential takeover of the Whyalla Steelworks, citing its iron ore resources and strategic infrastructure, but remains committed to financial discipline and strong returns on capital.
The company, part of a consortium including Japanese, Indian, and Korean steelmakers, has provided technical support to administrators since Whyalla’s February administration.
BlueScope revised its first-half earnings forecast downward, expecting results near the lower end of its $550M–$620M range due to rising costs and weak pricing, causing shares to drop over 2%.
The company also mourned the death of a young contractor at its Port Kembla plant, reaffirming its safety commitments.
BlueScope explora la compra de Whyalla Steelworks en medio de desafíos financieros y la muerte de un trabajador.