🇦🇺 $200m investment to make Australia a global green steel powerhouse
The Australian Government’s $200m grant to upgrade Australia’s steel industry is a crucial early step to realising Australia’s potential as a global green steel powerhouse, according to the Australian Workers’ Union.
The federal government has announced the first round of the Powering the Regions Fund (PRF) will provide funding to BlueScope Steel Limited and Liberty Steel Australia. Bluescope will use $136.8m to upgrade of its No. 6 Blast Furnace at the Port Kembla Steelworks. LIBERTY has also been awarded $63.2m towards the purchase and commission of a low carbon electric arc furnace to replace its blast furnace at the Whyalla Steelworks.