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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 Materials
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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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