BlueScope Steel Limited·Basic Materials

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 ($10.62 billion).

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.
BlueScope Steel Limited produces and sells metal coated and painted steel building products in Australia, New Zealand, Thailand, Indonesia, Malaysia, Vietnam, North America, the Pacific Islands, and Asia. The company operates through five segments: Australian Steel Products, North Star BlueScope Steel, Building Products Asia & North America, Buildings North America, and New Zealand & Pacific Islands. It offers steel slabs, plates, hot and cold rolled coils, coated and painted strip products, roof and wall claddings, and purlins and house framings under the LYSAGHT steel building products, COLORBOND steel, COLORSTEEL, ZINCALUME steel, GALVABOND steel, GALVASPAN steel, BlueScope Zacs, and SuperDyma brands. The company also provides engineered building solutions to industrial and commercial markets under the Butler, Varco Pruden, EcoBuild, and PROBUILD brands. It serves customers in the residential and non-residential building, and construction; manufacturing, automotive and transport, agricultural, and mining industries directly, as well as through a network of service centers and steel distribution businesses. The company was formerly known as BHP Steel Limited and changed its name to BlueScope Steel Limited in November 2003. BlueScope Steel Limited was founded in 1885 and is headquartered in Melbourne, Australia.
Basic Materials
Steel
16,500
2010-01-20
1.18