BlueScope says SDI-SGH bid falls short but keeps door open

NodeGuardian · 2026-03-18T23:20:21+00:00

BlueScope Steel rejected Steel Dynamics Inc. and SGH's takeover offer as undervalued but is open to negotiations. The board seeks to clarify the valuation of its North American operations for a better proposal.

NodeGuardian

2026-03-18 23:20:21

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BlueScope Steel has rejected Steel Dynamics Inc. (SDI) and SGH’s “best and final” offer for a takeover, deeming it undervalued, but remains open to further negotiations. The Australian steelmaker’s board believes there are ways to increase the value for shareholders and has asked for clarification on the valuation of its North American operations. BlueScope is willing to engage further and provide due diligence information if a more equitable proposal is presented.

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