BlueScope Steel shares fall 2% after the company rejects a $9B takeover bid.
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SGH-Steel Dynamics eye BlueScope takeover Australia’s BlueScope Steel has confirmed receiving an unsolicited takeover approach, responding to recent media speculation around a potential bid for the Australian steelmaker, Kallanish notes from an ASX filing. In the 5 January statement, BlueScope Steel says it received a non-binding and indicative proposal on 12 December 2025 from an Australian-US consortium to acquire all BlueScope shares … The post SGH-Steel Dynamics eye BlueScope takeover first appeared on EUROMETAL.

#LatestUpdates #BlueScopeSteel #SGHLimited #SteelDynamics SGH-Steel Dynamics eye BlueScope takeover

BlueScope Steel FY profit slumps on impairment hit; shares slide Investing.com-- Bluescope Steel (ASX:BSL) reported a sharp fall in annual profit on Monday, hit by weaker steel spreads and a hefty impairment at its U.S. coated products unit, sending its shares to over a seven-week low. The Australian steelmaker posted net profit after tax of A$83.8 million for the year to June 30, significantly down from A$805.7 million a year earlier. Underlying earnings before interest and taxes (EBIT) fell to A$738 million, compared with A$1.34 billion a year earlier. The result included a A$439 million impairment charge related to the BlueScope Coated Products business acquired in 2022. Sydney-listed shares of the company fell as much as 7% to A$22.55, their lowest level since late June. The stock pared some losses to trade 2.3% lower at A$23.67 as of 01:47 GMT. The company declared a final dividend of 30 Australian cents a share. BlueScope expects a recovery in the first half of FY2026, forecasting EBIT of A$550–620 million, supported by cost cuts and improving U.S. steel spreads. Before you buy stock in BSL, consider this: ProPicks AI are 6 easy-to-follow model portfolios created by Investing.com for building wealth by identifying winning stocks and letting them run. Over 150,000 paying members trust ProPicks to find new stocks to buy – driven by AI. The ProPicks AI algorithm has just identified the best stocks for investors to buy now. The stocks that made the cut could produce enormous returns in the coming years. Is BSL one of them?

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BlueScope Steel full-year profit tumbles 90% on North America impairment (Reuters) -Australia’s BlueScope Steel reported a 90% drop in full-year profit on Monday, after logging an impairment charge for its coated products business and due to weak performance at its operations in North America. The company’s coated products business in its North American division recorded a loss in fiscal 2025, impacted by lower volumes and operational woes and an impairment charge of A$438.9 million. The North America division’s underlying earnings declined 45%, weighed down by weak performance at its North Star and Buildings and Coated Products North America operations. The company posted net profit after tax of A$83.8 million ($54.6 million) for fiscal 2025, significantly lower than A$805.7 million reported in fiscal 2024. On an underlying basis, the company’s profit declined 51% to A$420.8 million, pulled down by price pressures, lower volumes and higher costs. ($1 = 1.5361 Australian dollars) Don't miss out on the next big opportunity! Stay ahead of the curve with ProPicks – 6 model portfolios fueled by AI stock picks with a stellar performance this year.. In 2024 alone, ProPicks' AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. That's an impressive track record. With portfolios tailored for Dow stocks, S&P stocks, Tech Stocks, and Mid Cap stocks, you can explore various wealth-building strategies. So if BSL is on your watchlist, it could be very wise to know whether or not it made the ProPicks lists.

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Bluescope Steel leads global consortium in bid for Whyalla Steelworks Investing.com-- Australia’s Bluescope Steel Ltd (ASX:BSL) said on Monday it assembled a consortium of major global steelmakers to bid for the beleaguered Whyalla Steelworks in South Australia. The group comprises Japan’s Nippon Steel Corp (TYO:5401), India’s JSW Steel (NSE:JSTL), and South Korea’s POSCO Holdings (KS:005490) (NYSE:PKX), and is led by Bluescope. The offer comes just a month after the South Australian government opened a formal sale process for Whyalla Steel. The group sees the plant as a potential hub for low-emmissions iron production in domestic and export markets. The consortium has lodged a non-binding expression of interest, but has not submitted a formal bid, Bluescope said in a statement. Whyalla Steelworks was placed under administration in February after its operating company, GFG Alliance, collapsed due to high debt levels. The steel plant received a A$1.9 billion ($$1.2 billion) package from the Australian and South Australian governments to protect local jobs and safeguard key industrial infrastructure. Whyalla produces roughly 75% of all structural steel in Australia, and employs over 3,000 workers.

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9/12 BlueScope Steel, which exports 300,000 tonnes yearly to US while producing 3 million tonnes at its Ohio plant, disappointed after being denied exemptions negotiated during Trump's first term.

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Australia says its steel, aluminium exports create American jobs Australia's trade minister said its steel and aluminium exports to the U.S. create "good paying American jobs" and are key to shared defence interests, as Canberra presses Washington for an exemption to President Donald Trump's planned tariffs.

#Australia seeks exemption from U.S. steel and aluminium tariffs
Australian exports create American jobs, support shared defence interests
#BlueScopeSteel, which has U.S. operations, sees shares rise
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