The deal still needs the approval of the foreign investment regulator, but both state and federal governments are already celebrating a win that will likely secure the jobs of thousands of steel workers.
Arrium sale deal heads off Whyalla wipeout
The troubled Arrium steelworks in the South Australian city of Whyalla [why-ELL-uh] has been sold to a British corporation following a last-minute bid. Image: Arrium steelwork facilities in Whyalla, South Australia (AAP)
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