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Part two of the dramatic move to take over the Whyalla steel works in South Australia was unveiled on Thursday with the Federal and State governments combining to offer a $2.4 billion package to secure the viability of the plant and assist a future buyer. Simultaneously, Industry Minister Ed Husic announced a $1 billion 'Green Iron Investment Fund', part of which will be available to the new owner of the Whyalla plant. He spoke to 7.30's Sarah Ferguson. Subscribe: https://ab.co/3yqPOZ5 Welcome to ABC News In-depth, where you'll find our long-form journalism and other videos to help you understand what's going on in the world around you. Watch more ABC News content ad-free on ABC iview: https://ab.co/2OB7Mk1 For more from ABC News, click here: https://ab.co/2kxYCZY Get breaking news and livestreams from our ABC News channel: / newsonabc Like ABC News on Facebook: / abcnews.au Follow ABC News on Instagram: / abcnews_au Follow ABC News on Twitter: / abcnews Note: In most cases, our captions are auto-generated. #ABCNewsIndepth #ABCNewsAustralia