GFG Alliance announced transformation plans for its Whyalla steelworks facility while it tries to secure its long-term future after reviewing its current performance, the company said on Wednesday June 10.
The plans include a direct reduced iron (DRI) facility to produce low-emission Greensteel from GFG's abundant South Australian magnetite resources and domestic steel scrap as well as a new electric arc furnace (EAF) in a bid to become a world-leading, carbon-neutral steel producer, GFG said.