Today: 9 June 2026
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ASX:BSL 24 November 2025 - 18 February 2026

BlueScope Steel (ASX:BSL) share price jumps on revised SGH takeover offer — what investors watch next

BlueScope Steel (ASX:BSL) share price jumps on revised SGH takeover offer — what investors watch next

BlueScope Steel shares rose 2.6% to A$28.74 after confirming it is reviewing a revised A$32.35 per share cash takeover proposal from SGH and Steel Dynamics. The offer remains about 11% above the closing price, reflecting market doubts. BlueScope posted first-half net profit of A$391 million and forecast higher earnings, while the board said no action is required and there is no certainty of a deal.
18 February 2026
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Australia stock market today: ASX 200 closes higher as tech rebounds; BlueScope pushes back on $13.2b bid

Australia stock market today: ASX 200 closes higher as tech rebounds; BlueScope pushes back on $13.2b bid

The S&P/ASX 200 closed up 0.29% at 8,720.8, led by gains in tech and healthcare, while miners fell. BlueScope rejected a A$13.2 billion takeover bid from SGH and Steel Dynamics. Ansell shares dropped 6.2% as CEO Neil Salmon announced his retirement, with Nathalie Ahlström set to take over in February. The Australian dollar slipped to about 67 U.S. cents.
8 January 2026
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New Zealand Stock Market Ends Higher as BlueScope Bid Sparks Steel Rally, Infratil Gains

New Zealand Stock Market Ends Higher as BlueScope Bid Sparks Steel Rally, Infratil Gains

New Zealand’s S&P/NZX 50 index rose 0.56% to 13,663.58 Tuesday, led by steel and construction stocks after a takeover bid for Australia’s BlueScope Steel. Vulcan Steel jumped 3.6%, Steel & Tube 4.7%, and Fletcher Building 1.6%. BlueScope surged 21% in Sydney after receiving a buyout proposal from SGH and Steel Dynamics. Banks fell, with Westpac and ANZ both down 2.6%.
6 January 2026
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Westpac shares slide 2.2% as bank sell-off deepens ahead of Australia CPI test

Westpac shares slide 2.2% as bank sell-off deepens ahead of Australia CPI test

Westpac shares fell 2.2% to A$38.19 on Tuesday, with about 4 million shares traded, as investors braced for an inflation report due Wednesday. The decline tracked losses across major Australian banks and followed a 0.5% drop in the S&P/ASX 200. Money markets priced a 33% chance of a February rate hike after recent inflation data. Westpac’s first-quarter results are set for February 13.
6 January 2026
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BlueScope Steel stock jumps 21% on A$30 takeover bid — the next catalyst investors are watching

BlueScope Steel stock jumps 21% on A$30 takeover bid — the next catalyst investors are watching

BlueScope Steel shares jumped 20.6% to A$29.48 after SGH and Steel Dynamics made a non-binding A$30-per-share takeover offer. The proposal, received Dec. 12, is subject to due diligence, exclusivity, and other conditions. BlueScope’s board is reviewing the bid against its own valuation. The company previously rejected lower offers, citing execution risks.
6 January 2026
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BlueScope Steel (ASX:BSL): Share Price, Buy‑Back, Gas Battle and 2026 Outlook as at 2 December 2025

BlueScope Steel (ASX:BSL): Share Price, Buy‑Back, Gas Battle and 2026 Outlook as at 2 December 2025

BlueScope Steel shares closed at A$24.35 on 1 December 2025, up 0.33%, with turnover above 2.3 million shares. FY2025 profit fell sharply, with NPAT at A$84 million after a large impairment, while the company maintained a low net debt and paid a 30 cent final dividend. Market cap stands near A$10.7 billion after ongoing buy-backs. A new CEO is set to take over amid ongoing capital projects and safety concerns.
2 December 2025
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Stock Market Today

  • Analysis Suggests SpaceX IPO May Be Overvalued
    June 8, 2026, 6:56 PM EDT. Despite optimistic projections, SpaceX's initial public offering (IPO) could be overvalued. Evaluations indicate that only the most ambitious 'Moonshot' scenario nearly matches the proposed IPO price, raising concerns about high market expectations. Investors should weigh potential risks given the optimistic forecasts underpinning the valuation.

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