What everyone has to realize is that Whyalla Steel under a different management team is a totally different beast than under the previous Arrium directors, as a minimum a $100m a year better run steel making business. In reality closer to $200m with smart and aggressive operators.
All the previous Arrium senior management were good at was greed and self interest, not the company's best interest. BSL have been through Arrium's books, they know where the waste is and where the profits can be made. They and any other interested parties will wait like any smart business people until Governments have offered some sweeteners, at that stage you'll see a number of offers for the Whyalla steelworks.
BSL won't want a potential competitor to get hold of Whyalla, especially if the Governments of Australia offer financial and infrastructure incentives that adds to its viability going forward.
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