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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.
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 Dynamics.
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 Overview In response to media speculation, SGH Ltd (ASX: SGH) confirms it has submitted a Non-Binding Indicative Offer (NBIO), together with Steel Dynamics, Inc. (SDI) (NASDAQ/GS: STLD), for SGH to acquire 100% of BlueScope Steel Ltd (ASX: BSL) by way of a scheme of arrangement (the Proposal).
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 billion).
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 & Pacific Islands Suzanne McKandry Connell Zhang - Chief Executive of NS BlueScope & China Donald Watters - Group Treasurer Michael Yiend - Head of Property Development Deborah Caudle - Chief Executive Climate Change & Sustainability Michael Reay - Head of Corporate Affairs Tim Rodsted - Head of Sustainability Conference Call Participants Owen Birrell - RBC Capital Markets, Research Division Harry Saunders - E&P, Research Division Chen Jiang - BofA Securities, Research Division Ramoun Lazar - Jefferies LLC, Research Division Lee Power - JPMorgan Chase & Co, Research Division Scott Ryall - Rimor Equity Research Pty Ltd Olaf Adam Presentation David Fallu Chief Financial Officer All right. Good morning, everyone, and welcome to Glenbrook.
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 & Executive Director Tania Archibald - Chief Executive of Australian Steel Products Rebecca Dee-Bradbury K'Lynne Johnson Zhi-Qiang Zhang Cheri Phyfer John Nowlan - Chief Technical & Development Officer Conference Call Participants Richard Davis Philip Laird Michael Muntisov Presentation Jane McAloon Well, good morning, ladies and gentlemen. My name is Jane McAloon, and I'm the Chair of your Board.
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 Conference Call Participants Peter Steyn - Macquarie Lee Power - UBS Ramoun Lazar - Jefferies Daniel Kang - CLSA Paul Young - Goldman Sachs Brook Campbell-Crawford - Barrenjoey Owen Birrell - RBC Harry Saunders - Evans and Partners Lyndon Fagan - JPMorgan Rohan Gallagher - Jarden Paul McTaggart - Citi Chen Jiang - Bank of America Mark Vassella Good morning, and welcome to BlueScope's First Half FY '25 Financial Results Presentation. I'm Mark Vassella, and I'm joined this morning by David Fallu, our Chief Financial Officer.
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 Conference Call Participants Rohan Gallagher - Jarden Group Lyndon Fagan - J.P. Morgan Paul Young - Goldman Sachs Simon Thackray - Jefferies Andrew Scott - Morgan Stanley Owen Birrell - RBC Lee Power - UBS Paul McTaggart - Citigroup Daniel Kang - CLSA Peter Steyn - Macquarie Nicole Penny - Rimor Equity Research Chen Jiang - Bank of America Keith Chau - MST Marquee Mark Vassella Good morning, and welcome to the BlueScope FY '24 Financial Results Presentation.
BlueScope Steel Limited (BLSFF) Q2 2024 Earnings Call Transcript
BlueScope Steel Limited is an Australian steel producer with substantial activities in the USA. A higher-than-expected steel price during the past semester has resulted in a guidance increase. Steel prices have softened again, so I'm not expecting FY 2024 to be better than FY 2023 at this point.