Australia’s BlueScope Steel (BLSFY) said on Monday it received an $8.78B takeover proposal from an investor group comprising billionaire Kerry Stokes-owned SGH and Steel Dynamics (STLD), Reuters reports. The proposal made in December marked the latest attempt by Steel Dynamics to buy Australia’s largest steel producer, and comes as the sector grapples with U.S. President Donald Trump’s tariffs on steel imports, the publication notes.
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