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Near Mittagong, NSW, the first attempt of establishing the smelting of iron and steel, was in 1848.
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The smelting plant was opened in 1848 and closed down by 1877.
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In Victoria, 1873, another attempt of smelting iron and steel was made with the formation of Victoria Iron Compay- to soon become Lal Lal Iron Mining Co. Ltd in 1874.
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Victoria Iron Company became Lal Lal Iron Mining Co. Ltd in 1874.
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Lal Lal Iron Mining Co. Ltd built a small blast furnace in 1875 and was operated into the 1880's but was not an economic project. A satisfactory production was only acheived five years after development
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The first attempt of iron and steel establishment was shut down after the uneconomical smelting plant which was closed down in 1877.