A $500 million upgrade to the Whyalla steelworks run by British industrialist Sanjeev Gupta and his GFG Alliance will be delayed for two years.
Mr Gupta announced last year a plan to manufacture so-called green steel at the plant, originally part of BHP before being spun off into Arrium, with an electric arc furnace installed in place of a coal-based infrastructure, which has been in use since the 1960s. It was originally expected to be complete next year; the timeline has now stretched to 2027.
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Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com
