BlueScope Chair Jane McAloon says the board is open to further engagement if Steel Dynamics and SGH address several issues.
Under the revised offer, BlueScope shareholders would receive 32.35 Australian dollars, equivalent to about US$22.93, per share in cash, Steel Dynamics and SGH said.
Australian billionaire Kerry Stokes-owned SGH Ltd and U.S.-based Steel Dynamics on Wednesday sweetened their takeover offer for BlueScope Steel , valuing the Australian steelmaker at A$15 billion ($10
BlueScope Steel Limited (BLSFY) Q2 2026 Earnings Call Transcript
BlueScope Steel's plans to expand further in the U.S. by investing in midstream capacity have fallen down the agenda.
BlueScope Steel isn't in talks with suitors Steel Dynamics and SGH but would be open to a takeover proposal that meets its expectations, the company's new chief executive officer said in an interview.
Shares of BlueScope Steel were down 2% in early trading on Thursday after the company rejected a A$13.2 billion ($8.87 billion) takeover offer from Australian conglomerate SGH and U.S.-based Steel Dyn

BlueScope Rejects Steel Dynamics, SGH Takeover Bid

08:33am, Wednesday, 07'th Jan 2026
BlueScope argued that the bid didn't reflect the value expected to be realized through current initiatives, including growth investments and land monetization.
FORT WAYNE, Ind., Jan. 5, 2026 /PRNewswire/ -- 6 January 2026 AEDT / 5 January 2026 EST Company Announcements Office Australian Securities Exchange Limited 20 Bridge Street SYDNEY NSW 2000  Overvi
Under the proposal, SGH would acquire all of BlueScope's shares and then sell BlueScope's North American businesses to Steel Dynamics.
Australia's BlueScope Steel on Monday said it received an indicative takeover offer in December from a consortium of Australian and U.S. companies, valuing the steelmaker at A$13.15 billion ($8.78 bil
BlueScope Steel Limited (OTCPK:BLSFY) Analyst/Investor Day November 26, 2025 3:45 PM EST Company Participants David Fallu - Chief Financial Officer Robin Davies - Chief Executive of New Zealand & Paci
BlueScope Steel Limited (OTCPK:BLSFY) Shareholder/Analyst Call November 17, 2025 6:00 PM EST Company Participants Jane McAloon Michael Reay - Head of Corporate Affairs Mark Vassella - MD, CEO & Execut
BlueScope Steel Limited (OTCPK:BLSFF) Q2 2025 Results Conference Call February 16, 2025 6:00 PM ET Company Participants Mark Vassella - Chief Executive Officer David Fallu - Chief Financial Officer Co
BlueScope Steel Limited (OTCPK:BLSFF) Q4 2024 Results Conference Call August 18, 2024 8:00 PM ET Company Participants Mark Vassella - Chief Executive Officer David Fallu - Chief Financial Officer Conf
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