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Labor's plan will secure future of Australia's steel industry: Shorten
Thursday, 14 Apr 2016 08:48:11 | Stephanie Anderson
SA steelmaker Arrium moved into voluntary administration earlier this month. (ABC News: Nick Harmsen)
Opposition Leader Bill Shorten has unveiled a plan he says will secure the future of Australia's steel industry.
Key points:
- Proposal requires companies to submit Australian Industry Participation Plan if project worth $250m or more
- Plan creates national Steel Supplier Advocate
- Labor's plan would maximise use of Australian metals, Bill Shorten says
The Labor proposal would see companies forced to submit an Australian Industry Participation Plan if the project is worth $250 million or more, down from the current $500 million.
The proposal stopped short of mandating the use of local steel in government projects, but Mr Shorten said the plan would maximise the use of Australian metals.
"We can make sure that Australian steel producers stay on their feet so that we can benefit from a better time in the future when global circumstances are more optimistic," he said.
The proposal also included the creation of a national Steel Supplier Advocate.
The announcement follows South Australian steelmaker Arrium's move into voluntary administration earlier this month.
Administrators assumed control of day-to-day operations of the company, which has about 6,700 employees — 1,600 in South Australia, 2,800 in New South Wales, 930 in Victoria, 900 in Queensland, 350 in Western Australia, 60 in Tasmania, 40 in the Northern Territory and 30 in the ACT.
It also has an additional 1,400 contractors in South Australia.
BlueScope has also recently shed hundreds of jobs.
More to come.
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