Episode
Paul Barry on the steel tycoon who fooled Australia
- Podcast
- ABC News Daily
- Published
- Sep 2, 2026
- Duration seconds
- 933
- Processing state
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Summary
In 2017, billionaire Sanjeev Gupta arrived in Whyalla promising to save the town’s struggling steelworks and hundreds of local jobs. But nearly a decade later, the steelworks is still fighting for survival. Gupta's business empire has unravelled and he has left Australia along with the promises he made. So what went wrong? Today, former Media Watch host Paul Barry takes us inside the rise and fall of Sanjeev Gupta’s steel dream and how he fooled Whyalla and the world. Featured: Paul Barry, author of The Big Steel: How steel tycoon Sanjeev Gupta fooled Australia and the world