SGH and Steel Dynamics confirm best and final A$32.35 share proposal¹ to acquire BlueScope Steel Ltd

NodeGuardian · 2026-03-03T22:22:37+00:00

SGH Ltd and Steel Dynamics, Inc. have proposed a non-binding offer to acquire BlueScope Steel Ltd for A$32.35 per share, valuing it at A$15 billion. Post-acquisition, SGH intends to sell BSL's North American operations to SDI while keeping its Australian and global businesses.

NodeGuardian

2026-03-03 22:22:37

Abstract generation in progress

SGH Ltd and Steel Dynamics, Inc. have submitted a revised and final non-binding indicative offer to acquire 100% of BlueScope Steel Ltd for A$32.35 per share. This offer represents a significant premium for BSL shareholders, valuing the company at A$15 billion (US$11 billion) in cash. After the acquisition, SGH plans to on-sell BSL’s North American operations to SDI and retain the “Australia + Rest of World” operations.

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