The South Australian government has taken drastic action to resolve the crisis at the Whyalla steelworks, forcing the site into administration due to unpaid debts and uncertainty for workers. Premier Peter Malinauskas announced that the government would be introducing a comprehensive industry support package, which he described as "one of the most comprehensive industry support packages that this nation has ever seen". The move comes after the steelworks, owned by GFG Alliance, failed to pay tens of millions of dollars in royalty payments to the government and millions in unpaid bills to creditors.

The decision to place the steelworks in administration was preceded by crucial amendments to the Whyalla Steel Works Act, which were rushed through both houses of state parliament on Wednesday morning. The amendments were introduced by Energy Minister Tom Koutsantonis and passed without opposition from the Liberal Party or the crossbench. KordaMentha has been appointed as the administrator of the steelworks, and the company has stated that it intends to continue operating the site and its associated mining operations during the voluntary administration period.

The steel industry is a critical part of Australia's economy, and the Whyalla steelworks is one of the country's most strategic steel making assets. The site has been in crisis for months, with workers facing uncertainty and unpaid debts mounting. The government's decision to intervene is seen as a necessary step to secure the future of the steelworks and the jobs of the workers employed there. The administration process is expected to stabilize the business and put it on a surer footing, allowing for a potential sale to a new owner.

A list of key stakeholders and their views on the situation includes: * Premier Peter Malinauskas: announced the government's decision to intervene and introduce a comprehensive industry support package * GFG Alliance: the owner of the Whyalla steelworks, which has been struggling to pay debts and bills * KordaMentha: the administrator appointed to oversee the steelworks during the voluntary administration period * Bluescope: a potential buyer of the steelworks, which has expressed interest in acquiring the site * Workers at the steelworks: who have been facing uncertainty and unpaid debts, but will now have their futures assured under the administration process.

The future of the Whyalla steelworks is uncertain, but the government's intervention is seen as a positive step towards securing the site's long-term viability. The comprehensive industry support package to be announced soon is expected to provide further details on the government's plans to support the steel industry and the workers employed in it. The package is likely to include measures to support the industry, such as funding for research and development, and assistance for workers who may be affected by the administration process.