Steel Dynamics Firm on Last Offer For Ohio Steel Mill -- Market Talk

Dow Jones00:45

1245 ET - Steel Dynamics CEO Mark Millett isn't showing any interest in upping his offer further for BlueScope Steel's mill in northwest Ohio. The Australian steelmaker rejected an $11 billion joint offer in February from Steel Dynamics and conglomerate SGH for all of BlueScope plants as being too low. Millett, who has tried for years to buy BlueScope's North Star plant, told analysts on a conference call, "There has been no constructive engagement by the company since" the offer was turned down. "We presented what we consider a best and final joint offer. It was absolutely full and fair." (robert.tita@wsj.com)

(END) Dow Jones Newswires

April 21, 2026 12:45 ET (16:45 GMT)

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The Australian steelmaker rejected an $11 billion joint offer in February from Steel Dynamics and conglomerate SGH for all of BlueScope plants as being too low. Millett, who has tried for years to buy BlueScope's North <a href=\"https://laohu8.com/S/SGU\">Star</a> plant, told analysts on a conference call, \"There has been no constructive engagement by the company since\" the offer was turned down. \"We presented what we consider a best and final joint offer. 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