The Whyalla bailout forms part of a larger A$1.9 billion state and federal package to stabilize operations and transform the site into a hub for green iron technology. As the world's largest iron ore producer, Australia generated over A$100 billion in export income in 2023-24. With global demand shifting towards low-emission steel, the government's green iron initiative will help future-proof Australia's iron ore industry while reinforcing its ESG leadership. According to The Superpower Institute, green iron and steel opportunities could be worth up to A$400 billion, while a single green iron plant could contribute A$85 billion to GDP and create over 1,500 full-time jobs. The investment also benefits key Australian mining companies, including BHP, Rio Tinto, and BlueScope Steel, which are actively exploring low-carbon steel production.