PRE-MARKET AUSTRALIAN STOCKS NEWS: BlueScope Steel (BSL AT) board rejected the SGH (SGH AT)/Steel Dynamics (STLD) takeover offer

BlueScope Steel's rejection of the takeover offer from SGH and Steel Dynamics signals their commitment to remain independent amid increasing consolidation pressures in the steel sector.

Newsquawk StaffPublished 7 Jan 2026, 23:13 UTCOn the live feed at 22:53 UTC — 1 more headline followed before this page went public

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23:30

Japanese Real Cash Earnings YY (Nov) -2.8% vs Exp. -1.2% (Prev. -0.7%, Rev. -0.8%)

23:06

US Republican Senator Graham says after meeting Wednesday with US President Trump, that he has greenlit the bipartisan Russia sanctions bill, while Graham looks forward to a vote as early as next week

22:53

PRE-MARKET AUSTRALIAN STOCKS NEWS: BlueScope Steel (BSL AT) board rejected the SGH (SGH AT)/Steel Dynamics (STLD) takeover offer

22:50

UK PM Starmer spoke with US President Trump this evening and set out his position on Greenland

22:49

US House votes to advance Democrats' bill to extend expired healthcare subsidies

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AMP (AMP AT) - Co. reportedly delivered double-digit returns for MySuper members. (Newswires)

BlueScope Steel (BSL AT) - Co. board rejected the SGH (SGH AT)/Steel Dynamics (STLD) takeover offer. (The Australian)

Ramelius Resources (RMS AT) - Co. December quarter gold output 45.6k ounces (prev. 55.0k ounces Q/Q). (Capital Brief)

Other News

Australia’s government lifted the one-year ban imposed on research company McNair yellowSquares for falsifying survey results. (AFR)

APRA chairman John Lonsdale has rejected claims the banking and superannuation watchdog did not do enough to stop the loss of AUD 1.2bln to defective investment schemes. (AFR)

Context

This decision may affect investor sentiment towards BSL and its peers, as it reflects confidence in their current strategy and potential for growth without needing a merger. Keep an eye on how this plays into broader market dynamics in commodities and materials.

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