Swanbank Steel Mill Project

The proposed project represents a significant private sector investment in Queensland’s advanced manufacturing, circular economy and sovereign industrial capability. The project would establish Australia’s first greenfield steel mill in 30 years and deliver Queensland-produced reinforcing bar into the domestic construction supply chain from mid-2028.

Status

Approvals obtained

Jobs

400 construction, 200 operational

Investment

$640 million

Project overview*

Status	Approvals obtained
Type	Prescribed project

Description

Proponent	Future Forgeworks Pty Ltd
Process	Prescribed project
Declaration lapse date	22 September 2028
Location/s	Swanbank, Ipswich
Local government/s	Ipswich City Council
Industry	Steel supply
Jobs	400 construction, 200 operational
Investment	$640 million
Construction start date	Q 4, 2026
Construction end date	2028

* Project information supplied by proponent and subject to change.

Process timeline

Date	Activity
23 September 2026	Declared a prescribed project ( 244.8 KB)

Last updated: 24 September 2026