Investments

AUST STEEL: US 25% Steel Tariffs, Gupta GFG Whyalla Steelworks financial meltdown, South Korea POSCO steel group plans A$40bn in Australia by 2040.

While the US government is considering a 25% import tariff on Australian steel, South Australia’s Whyalla steelworks, owned by Sanjeev Gupta’s GFG Alliance, faces potential closure. Mean while, Western Australia is welcoming investments from South Korea’s POSCO steelmaker. Hypothetically, could POSCO be the ‘white horse’? Image: Whyalla Steelworks

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