# SGH and Steel Dynamics submit NBIO to acquire BlueScope Steel for AUD 13.2B

SGH Ltd and Steel Dynamics have submitted a non-binding indicative offer to acquire 100% of BlueScope Steel Ltd for AUD 13.2 billion (USD 8.8 billion) in cash, with SGH retaining Australian operations and on-selling North American operations to Steel Dynamics.

- Type: Acquisition
- Announced: 2026-01-07
- Where: Australia
- Value: $8.80B (13.2B AUD)
- Status: announced
- Products: steel products
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Steel Dynamics](https://endata.com/companies/895.md) (acquirer)
- [BlueScope Steel](https://endata.com/companies/3771.md) (target)
- [SGH Ltd](https://endata.com/companies/89505.md) (acquirer)

## Sources

- [steel-technology.com](https://www.steel-technology.com/pressreleases/sgh-and-steel-dynamics-confirm-the-submission-of-a-nbio-to-acquire-bluescope-steel-ltd), 2026-01-07: "The Proposal provides BSL shareholders with an immediate, certain opportunity to realise a material uplift in value."
- [prnewswire.com](https://www.prnewswire.com/news-releases/sgh-and-steel-dynamics-confirm-best-and-final-a32-35-share-proposal-to-acquire-bluescope-steel-ltd-302689977.html), 2026-02-17: "The revised offer of A$32.35 per share represents a compelling value proposition and highly attractive premium for BSL shareholders."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.