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Australia: Government allocates AUD 2.4 billion towards Whyalla Steelworks

Description

On 20 February 2025, the South Australian government announced a funding allocation worth AUD 2.4 billion (approx. USD 1.54 billion) to bail out Whyalla Steelworks. The funding is a collaborative effo...

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Intervention Details

Intervention Type

Capital injection and equity stakes (including bailouts)

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

20 Feb 2025

Revocation date

No revocation date

Implementation level

Subnational

Affected flow

Inward

Announced as temporary

No

Eligible firms

firm-specific

Affected Trading Partners

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Affected Sectors

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Affected Products

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