“This is a difficult time for the steel industry in the Asia Pacific region, but we are in a position to help. Accordingly, we will provide a team of experts from Port Kembla Steelworks to assist the administrators work through their process,” said Mark Vassella, managing director and chief executive officer of BlueScope.

According to a press release, BlueScope will be providing technical and operational support in an advisory capacity to the administrators to ensure Whyalla Steelworks’ ongoing operations. They have not committed to purchasing any assets or to participate in any sale processes at this time.

“Our position as an advisor will also help inform our potential participation in any future sale process, noting any decision would be subject to BlueScope’s rigorous capital assessment process and return on investment hurdles,” Vassella said.