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Investing.com-- Australia’s Bluescope Steel Ltd (ASX:BSL) said on Monday it assembled a consortium of major global steelmakers to bid for the beleaguered Whyalla Steelworks in South Australia. The group comprises Japan’s Nippon Steel Corp (TYO:5401), India’s JSW Steel (NSE:JSTL), and South Korea’s POSCO Holdings (KS:005490) (NYSE:PKX), and is led by Bluescope. The offer comes just a month after the South Australian government opened a formal sale process for Whyalla Steel. The group sees the plant as a potential hub for low-emmissions iron production in domestic and export markets. The consortium has lodged a non-binding expression of interest, but has not submitted a formal bid, Bluescope said in a statement. Whyalla Steelworks was placed under administration in February after its operating company, GFG Alliance, collapsed due to high debt levels. The steel plant received a A$1.9 billion ($$1.2 billion) package from the Australian and South Australian governments to protect local jobs and safeguard key industrial infrastructure. Whyalla produces roughly 75% of all structural steel in Australia, and employs over 3,000 workers.