PRE-MARKET AUSTRALIAN STOCKS NEWS: RBA kicks starts its 2-day policy meeting where it is expected to hike rates

BlueScope Steel (BSL AT) - Tania Archibald commences as MD and CEO, while she stated that she supported a rejection of the takeover proposal as the SGH and Steel Dynamics takeover bid very significantly undervalued the company. Furthermore, she said cost and productivity initiatives will remain a key focus with the Co. to target further cost improvements of around AUD 150mln annualised. (Newswires)

Critical Resources (CRR AT) - Co. was accepted into the US solid-state battery innovation centre. (Newswires)

GrainCorp (GNC AT) - Co. expects FY underlying EBITDA to decline to AUD 200mln-240mln vs AUD 308mln in FY25, while it sees underlying net to decline to AUD 20mln-50mln from AUD 87mln Y/Y. (Capital Brief)

Rio Tinto (RIO AT) - Co. and Glencore (GLEN LN) eye an extension as the deadline for the AUD 300bln deal looms. (AFR)