Turnbull promises $49 million for Arrium steelworks

PRIME Minister Malcolm Turnbull has promised to provide $49.2 million to the troubled Arrium steelworks in Whyalla, South Australia, in a bid to shore up about 2700 jobs at the plant.

Announced yesterday, the sum falls short of Labor's $100 million pledge to the company, but the government maintains it has the better offer.

The announcement represents a backflip on former prime minister Tony Abbott's hardline stance of refusing to provide SA's ailing car industry with a bailout.

Mr Turnbull said the money would be a loan to the company to buy new machinery to produce higher grade ore for steelmaking.

He said it contrasted with Labor's "old industry policy" of "just promising to hand out grants".

Topics:  federal election 2016 malcolm turnbull manufacturing

Stay Connected

Update your news preferences and get the latest news delivered to your inbox.

Sharing cultures through food

DIG IN: Lockyer Valley Community Centre volunteers at the Harmony Day food tasting

Community centre hosts Harmony Day event

Gordon reflects on farming life in the Lockyer

LOOKING BACK: Laidley's Gordon Niebling says he has loved his farming life and living in the Lockyer Valley.

The self-proclaimed 'Jack of all trades”, Gordon Niebling.

Clare Atkinson Journalism Scholarship needs your support

IN HONOUR: Brightview's Lesley Atkinson is urging the public to help continue the Clare Atkinson Memorial Scholarship.

Help continue Clare Atkinson's legacy and the future of journalism.

Local Partners