The federal and state governments have reduced the number of bidders for the financially stricken Whyalla steelworks from five to two.

The federal and state governments have reduced the number of bidders for the financially stricken Whyalla steelworks from five to two.

BlueScope Steel can still use its rights to match a final bid, but Matt Latimore’s M Resources and India’s Jindal Steel are the frontrunners for the steelworks.

A company looking at hydrogen and graphite technologies among two low emission proposals for the purchase of Whyalla Steelworks.

A fight for control of one of Australia’s last steelworks has narrowed to two potential buyers, pitting a billionaire against India’s third-largest steelmaker.

Whyalla locals welcome more certainty about the future ownership of the city's steelworks, but say it is still not enough to warrant business investment and workers coming back to…