00:00Australian steel on the move.
00:05This distributor in Adelaide's north was forced to import from overseas as the Wyala steelworks deteriorated.
00:12Now it's again buying from the steel city.
00:15We certainly will play our part in resurrecting Wyala to be a reliable manufacturer and supplier of steel.
00:22Another injection of federal and state government funding, this time $275 million, that aims to keep the steelworks running while a buyer is found.
00:32It's $109 million less than the government set aside in the state budget.
00:37And the reason for that is that the business is progressively getting back onto a better footing.
00:43It brings the total Wyala rescue package so far to more than $2.6 billion,
00:48to be largely spent on saving the operation after it was tipped into administration in February.
00:54This latest funding comes as the state and federal governments work on a support package for NEARSTAR
01:01to secure the future of the Port Pirie smelter,
01:04raising questions around how much taxpayer money should be spent propping up failing industries.
01:12How many blank checks does the Premier have?
01:15How much more money does the Premier have to utilise from South Australian taxpayers?
01:20Dr Daniel Rosetto says the government needs to be clear about where it'll draw the line.
01:26For the general public I think, I'm not necessarily saying they should be concerned,
01:31but they should certainly be asking questions about what is the value for money.
01:35The costs associated with doing nothing far outweigh the costs of making intervention
01:42to ensure that we retain a steelmaking capability and water in the country.
01:46A high price either way.
01:48Thank you for supporting us here,
01:50From New York,
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