Mayor Lyn Breuer is confident that the technology to be used at the Whyalla steelworks by the preferred bidder for Arrium will help ensure that the steel city “has a future”.
“What’s concerned me is that steelmaking changed over the world. At the moment our technology is too old so to be confident we need to look at different ways of operating,” she said.
“What we have got could be patched up, but in 10 years we would be back where we were … new technology should help make sure we are okay.
“The bidder is prepared to invest in our steelworks and that should ensure that we have a future.”
A South Korean Consortium led by Newlake Alliance was named as the preferred bidder for Arrium by administrators KordaMentha on Thursday.
Ms Breuer said it was “vital” that the state and federal governments provided support to the preferred bidder.
“The state government already has its offer on the table and I am sure the federal government will come through – both of them are aware of the importance of Whyalla to the South Australian economy,” she said.
“It has been a difficult time for everyone in Whyalla. One of the biggest problems is that we didn’t quite know what we could do during the crisis. “It was good that the workers did their part in accepting a pay cut. We have all tried to support KordaMentha who have done an excellent job.”
“As a council we have tried to keep on track. Now we will be able plan for a positive future.”
Ms Breuer said she was still confident that Arrium would be sold by June 30.
“It is still a complicated process. It is a lot bigger than selling a house. We have been patient for this long. We will just have to continue being patient."