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SGH and Steel Dynamics Launch $13.2B Bid to Reshape BlueScope Steel
8:04am on Tuesday 6th of January, 2026 AEDT
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SGH and Steel Dynamics Launch $13.2B Bid to Reshape BlueScope Steel
8:04am on Tuesday 6th of January, 2026 AEDT
Key Points
Joint Non-Binding Indicative Offer of AUD$30 per BlueScope share
27% premium to BlueScope’s closing price at offer submission
Post-acquisition, North American assets to be sold to Steel Dynamics
SGH to retain BlueScope’s Australia and Rest of World operations
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