Breaking Up BlueScope Was Challenge for U.S. Mills Eyeing North Star -- Market Talk

Dow Jones01-06 12:25

0425 GMT - A takeover bid made by Steel Dynamics and SGH for BlueScope Steel doesn't surprise Citi analyst Alexander Hacking. "North American steel mills have eyed BlueScope's North Star mill in Ohio as an attractive asset for a while," he says in a note. "The challenge was separating the North American assets from the rest of the company." Hacking notes there is no detail on what Steel Dynamics intends to pay for the North American assets as part of the deal, which values BlueScope at roughly US$8.8 billion. He expects a premium given ongoing expansion work. Hacking reckons a deal would be roughly neutral for Steel Dynamics' valuation but that strategically "it would be positive to consolidate more market share." BlueScope is up 21% at A$29.53/share. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

(END) Dow Jones Newswires

January 05, 2026 23:25 ET (04:25 GMT)

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He expects a premium given ongoing expansion work. Hacking reckons a deal would be roughly neutral for Steel Dynamics' valuation but that strategically \"it would be positive to consolidate more market share.\" BlueScope is up 21% at A$29.53/share. (rhiannon.hoyle@wsj.com; @RhiannonHoyle) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 05, 2026 23:25 ET (04:25 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Breaking Up BlueScope Was Challenge for U.S. Mills Eyeing North Star -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBreaking Up BlueScope Was Challenge for U.S. Mills Eyeing North Star -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-01-06 12:25</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0425 GMT - A takeover bid made by <a href=\"https://laohu8.com/S/STLD\">Steel Dynamics</a> and SGH for BlueScope Steel doesn't surprise Citi analyst Alexander Hacking. \"<a href=\"https://laohu8.com/S/FNCSF\">North American</a> steel mills have eyed BlueScope's North <a href=\"https://laohu8.com/S/SGU\">Star</a> mill in Ohio as an attractive asset for a while,\" he says in a note. \"The challenge was separating the <a href=\"https://laohu8.com/S/NOA\">North American</a> assets from the rest of the company.\" Hacking notes there is no detail on what Steel Dynamics intends to pay for the North American assets as part of the deal, which values BlueScope at roughly US$8.8 billion. He expects a premium given ongoing expansion work. Hacking reckons a deal would be roughly neutral for Steel Dynamics' valuation but that strategically \"it would be positive to consolidate more market share.\" BlueScope is up 21% at A$29.53/share. (rhiannon.hoyle@wsj.com; @RhiannonHoyle) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 05, 2026 23:25 ET (04:25 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7031","symbol_name":"贸易公司与经销商","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2601638428","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2601638428","pubTimestamp":1767673500,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0425 GMT - A takeover bid made by Steel Dynamics and SGH for BlueScope Steel doesn't surprise Citi analyst Alexander Hacking. \"North American steel mills have eyed BlueScope's North Star mill in Ohio as an attractive asset for a while,\" he says in a note. \"The challenge was separating the North American assets from the rest of the company.\" Hacking notes there is no detail on what Steel Dynamics intends to pay for the North American assets as part of the deal, which values BlueScope at roughly US$8.8 billion. He expects a premium given ongoing expansion work. Hacking reckons a deal would be roughly neutral for Steel Dynamics' valuation but that strategically \"it would be positive to consolidate more market share.\" BlueScope is up 21% at A$29.53/share. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7031":"贸易公司与经销商","BSL.AU":"BLUESCOPE STEEL LTD","BK4006":"钢铁","STLD":"Steel Dynamics","BK4588":"碎股","BK4516":"特朗普概念","LU0868494617.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) ACC","BK4585":"ETF&股票定投概念","SGH.AU":"SGH Ltd","BK7120":"特殊消费者服务","BK7129":"钢铁"},"translate_title":"拆分博思格对关注北极星的美国工厂来说是一个挑战——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BSL.AU":0.9,"STLD":0.9,"SGH.AU":0.9},"content_text":"0425 GMT - A takeover bid made by Steel Dynamics and SGH for BlueScope Steel doesn't surprise Citi analyst Alexander Hacking. \"North American steel mills have eyed BlueScope's North Star mill in Ohio as an attractive asset for a while,\" he says in a note. \"The challenge was separating the North American assets from the rest of the company.\" Hacking notes there is no detail on what Steel Dynamics intends to pay for the North American assets as part of the deal, which values BlueScope at roughly US$8.8 billion. He expects a premium given ongoing expansion work. Hacking reckons a deal would be roughly neutral for Steel Dynamics' valuation but that strategically \"it would be positive to consolidate more market share.\" BlueScope is up 21% at A$29.53/share. 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