It would not surprise me to see MGT and Whyalla port and steel works having some sort of relationship going forward
just saying.
" After two years involved at the Whyalla steelworks, Mr Gupta said he was looking forward to the year ahead and that the company had "turned the corner".He put this turnaround down to the appointment of a new management team led by Liberty Primary group chief executive officer Paramjit Kahlon, who he said was "personally overseeing Whyalla's turnaround".GFG swooped in late 2017 as Arrium's debts saw it fall into administration, with plans to revitalise the steelworks.The turnaround is a situation that not even Mr Gupta saw coming."Whyalla is now turning from red to black and is on track to become profitable for the second half of the current financial year, which is an enormous achievement for GFG, a fantastic reward for the hard work of our local employees and a great success story for the Whyalla community," he said."Before we bought the steelworks, its future was at risk and so were the futures of those who worked there. We have worked hard to turn it around and I'm incredibly proud of the progress we have made."He said 2021 would be a "big year" for the steelworks, with the journey to profitability and work on intermediate improvement plans, all the while maintaining momentum on the Whyalla Transformation Plan."The new DRI plant, electric arc furnace and rolling mill, as well as the Cultana Solar Farm and Playford Battery, are fundamental components of the Transformation Plan and progress continues to be made on those projects," Mr Gupta said.As the company looked forward to a positive year to come, Mr Gupta said they were also dealing with the fallout of COVID-19 like many other companies and industries."It has been a very difficult time for many people and businesses, but I believe the journey out of this period presents opportunities with a significant appetite for investment in industry globally."What lays ahead in the short-term is all part of Mr Gupta's vision for Whyalla in years to come. He said this vision involved Whyalla becoming a global hub for the production of GREENSTEEL, which would secure an economically, socially and environmentally sustainable future for the community."The two key focuses for the next 12 months will be to complete the journey to profitability and to maintain momentum on the Transformation projects, which are central to our GREENSTEEL ambition and CN30 (Carbon Neutral by 2030) program," he said."As we undergo the transformation, we must maintain momentum and continue to play a key role in the Australian steel industry."Mr Gupta maintained renewable energy was the future and a "primary focus" for GFG, which is why the company was investing in the Cultana Solar Farm and Playford Battery, among other projects.He said the industry had a duty to invest in the technology to achieve carbon neutrality."As part of our GREENSTEEL ambitions, we will first look to use natural gas in the production of steel, but, ultimately, we want to use hydrogen generated using renewable energy to make steel," he said."There are plentiful resources to generate renewable energy in Australia and Whyalla has an important role to play in our own CN30 program and in the future of Australian manufacturing."
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