SGH and Steel Dynamics Launch $13.2bn Cash Bid for BlueScope Steel

Bluescope Steel ( (AU:BSL) ) has provided an update.

SGH Ltd, a diversified Australian industrial and energy group, together with U.S.-based Steel Dynamics (SDI), has submitted a non-binding indicative all‑cash offer to acquire 100% of BlueScope Steel for AUD$30 per share, valuing the company at AUD$13.2 billion and representing premiums of up to 33% over recent trading benchmarks. Under the proposed structure, SGH would retain BlueScope’s Australia and Rest of World operations while on‑selling the North American businesses, including the North Star mill and building and coated products units, to SDI, with both buyers asserting strong strategic fit, no expected material regulatory obstacles, no need for equity funding, and an intention to retain key management and board representation to smooth the transition. The bid, which remains subject to due diligence, definitive agreements and shareholder and regulatory approvals, signals a potential reshaping of BlueScope’s global footprint and could unlock immediate value for shareholders while repositioning its Australian operations under SGH’s industrial platform and integrating its North American business into SDI’s existing steel and recycling network.

The most recent analyst rating on (AU:BSL) stock is a Buy with a A$27.50 price target. To see the full list of analyst forecasts on Bluescope Steel stock, see the AU:BSL Stock Forecast page.

More about Bluescope Steel

BlueScope Steel is a global steel manufacturer with major operations in Australia, New Zealand, the Pacific Islands, Asia and North America, producing flat-rolled steel, coated and building products for construction, infrastructure and industrial customers. Its North American assets include the North Star flat rolled steel mill and a portfolio of building and coated products businesses, while its Australia and Rest of World operations span Australian Steel Products, Asia Coated Products, and New Zealand and Pacific Islands units.

YTD Price Performance: 0.29%

Average Trading Volume: 3,069,295

Technical Sentiment Signal: Strong Buy

Current Market Cap: A$10.57B

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