(Feb 16): BlueScope Steel Ltd, which rejected a takeover bid from Steel Dynamics Inc and SGH Ltd last month, plans to push for growth in the US through an expansion of its North Star operations and premium products. She added the company had “plenty of capacity to fund ongoing growth” from its current balance sheet. BlueScope last month knocked back what it called a “highly opportunistic takeover proposal” of A$13.2 billion (US$9.3 billion) or A$30 a share from Steel Dynamics and SGH. After reporting strong financial results on Monday, the company announced a A$310 million share buyback programme and a new policy to distribute at least 75% of free cash flow to investors. Total returns to shareholders are likely to hit A$3 a share, Archibald said.

Source: The Edge Markets February 16, 2026 05:37 UTC