Australian Industrial Revolution (Iron + Steel) By meg_stevens Jan 1, 1835 5500 tonnes of Iron and Steel were imported into Australia. Jan 1, 1840 7500 tonnes of Iron and Steel were imported into Australia. Jan 1, 1848 The first attempt at creating Iron and Steel. In Mittagong, NSW, Iron and Steel was first attempted to establish in 1848. Jan 1, 1873 A Second attempt to create Iron and Steel was made in Victoria by Victoria Iron Company. Jan 1, 1874 "Victoria Iron Company" was changed to "Lal Lal Iron Mining Co. Ltd" Jan 1, 1875 A Small Blast Furnance was built. Jan 1, 1877 Smelting plant wasn't economical and closed. Jan 1, 1880 The Furnance started operating.