Latest Steel Industry News

FBR Limited secured its first overseas Mantis welding robot sale, launched the Firehawk refractory robot, and expanded its Wall as a Service footprint in Victoria, while navigating a cash balance under $700,000.

Element 25 has secured $18 million through a share placement to fund the expansion of its Butcherbird Manganese Project, aiming to increase output to 1.1 million tonnes annually and support its US battery-grade manganese facility.

Athena Resources has entered a strategic joint venture with Terra Mining and Fenix Resources to accelerate development of premium magnetite concentrate at the Narryer Prospect, aiming for production by early 2028.

Green Iron SA has unveiled a promising iron ore export concept at Port Pirie, leveraging existing infrastructure to support the emerging green iron industry in South Australia.

Hazer Group has inked a non-binding graphite offtake agreement with Green Steel of WA, marking a significant step in supplying low-emission steel production with up to 85,000 tonnes over 10 years.

BlueScope has received a revised takeover proposal offering $32.35 per share in cash from a consortium of SGH and Steel Dynamics, prompting the Board to reassess the offer amid strategic restructuring plans.

SGH Ltd and Steel Dynamics have jointly submitted a best and final offer of A$32.35 per share to acquire BlueScope Steel, valuing the company at A$15 billion and representing a significant premium over recent trading prices.

Trek Metals has raised $15 million through a strongly supported share placement to fund a major drilling campaign at its promising Kuro manganese discovery in Western Australia’s Kimberley region.

Accent Resources NL has withdrawn a previously stated production target for its Magnetite Range Project, clarifying the figure was aspirational and non-compliant with ASX rules. The company continues to advance its flagship magnetite development in Western Australia, highlighting its alignment with green steel demand.

Bluescope Steel has announced a special unfranked dividend of AUD 1.00 per share, payable in late February 2026, signaling a notable return to shareholders outside its regular dividend schedule.

BlueScope announces a $1.00 per share unfranked special dividend, returning $438 million to shareholders from recent asset sales and working capital releases. The steelmaker signals a robust cash flow outlook with a planned capex reduction in FY2027.

BlueScope Steel’s board has unanimously dismissed a $30 per share takeover proposal from SGH and Steel Dynamics, calling it opportunistic and undervaluing the company’s assets and growth prospects.