Companies

Steel Dynamics, SGH Make $8.8 Billion Bid for BlueScope

January 6, 2026

Steel Dynamics Inc. and SGH Limited have jointly made an A$13.14 billion ($8.8 billion) bid to acquire BlueScope Steel Ltd. at A$30 per share, representing a 23% premium.

Steel Dynamics, SGH Make $8.8 Billion Bid for BlueScope

Credit: Livemint

Key Highlights

The bid offers A$30 per share for BlueScope Steel, a 23% premium over its recent closing price.
Steel Dynamics and SGH Limited are seeking to enhance their presence in North America through this acquisition.
The deal reflects ongoing restructuring in the global steel sector amid rising geopolitical tensions.
BlueScope's North American operations have made it a prime target for takeover.
The consortium's strategy includes selling BlueScope's North American assets to Steel Dynamics.

Sources

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

Steel Dynamics, SGH Make $8.8 Billion Bid for BlueScope

Key Highlights

Sources

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