Arrium sale delayed as buyer seeks $400m federal sweetener
by Christopher Knaus from on (#2VABM)
The preferred Korean bidder for the South Australian steelworks has asked for government funding while a second buyer has offered to buy Arrium without any federal assistance
The sale of Arrium and its troubled Whyalla steelworks is expected to be delayed today while the federal government finalises a deal that would give one of the bidders up to $400m in taxpayers' funds.
The future of Whyalla and thousands of Arrium workers hangs in the balance as administrators finalise a deal to sell off the company.
Related: The steel city blues: the future of Whyalla and why we should all care | Mark Bahnisch
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