Whyalla Steelworks nears sale conclusion after GFG Alliance collapsed leaving massive debts. Two bidders, M Resources & Jindal Steel, now compete for Australia’s only long-products steel mill. Governments pledged $1.9 billion for low-emission transformation. The ageing 1960s blast furnace is failing, forcing replacement with electric arc technology. A city of 22,000 people depends on this sale’s success. Administrators expect final ownership resolved by September 2026.