From michaelwest.com.au: Almost 3,500 creditors are owed over $1.3 billion by Whyalla Steelworks, with significant financial troubles highlighted at a creditors’ meeting.

Joint administrator Sebastian Hams reported a severe cash flow issue, emphasizing that OneSteel has been operating on dire working capital and accrued a before-tax loss of $319.1 million in seven months.

The South Australian government has initiated a $2.4 billion industry support package to stabilise operations and secure the future of steel manufacturing in the region.