Recently, a Korean consortium was selected as the preferred bidder for Arrium’s group of companies. Arrium is one of the Hub’s partner organisations.
The winning consortium, headed by Newlake Alliance Management and JB Asset Management, is supported by POSCO, a steelmaking company who have developed an alternative ironmaking processing technology called FINEX. ABC Radio Port Pirie invited the Hub Director to participate in an interview to discuss the potential use of FINEX technology and how it differs from more traditional blast furnace ironmaking process currently employed at Whyalla’s steel plant. The interview aired on 20 June 2017 which Whyalla News followed up with a more detailed Q&A-style interview.