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The Latest Breaking News from BlueScope

Bluescope Steel entices shareholders with $438m payday

Australia's biggest steelmaker will pay investors a special dividend of $1 per share after rejecting a takeover overture from Kerry Stokes and a US partner.

AAP

BlueScope shares steady after $13b deal's rejection

BlueScope Steel shares fell 1.6 per cent, holding onto most of their gains from this week, a sign that investors think the takeover saga isn't over yet.

AAP

PM says government has been working on inquiry logistics ‘for weeks’ – as it happened

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BlueScope rejects 'opportunistic' $13.2b takeover bid

Australia's biggest steelmaker has knocked back a $13.2 billion takeover offer, saying it "very significantly undervalued" the company.

AAP

Aussie steelmaker tipped to rebuff fresh $13b takeover

Shares in Australia's biggest steelmaker soared to a 17-year high on a takeover bid but analysts suggest Kerry Stokes and his US partner need to up their offer.

AAP

BlueScope Steel keen on Whyalla's iron ore resource

Steel giant BlueScope is leading a consortium to potentially acquire the Whyalla Steelworks, an asset it views as having potential beyond its core business.

AAP

Worker killed after steel beam strike at major plant

A contractor has lost his life after a crane dropped a beam at a steelworks undergoing a $1.15 billion blast furnace reline.

AAP

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No future made in Australia without gas: Bluescope boss

Australian industrial gas users are subsidising the cost of gas going to competitors overseas dues to a broken pricing system, Bluescope Steel's boss says

AAP

Steel boss complains about local gas market 'madness'

Australia must stop prioritising gas exports over domestic supply and introduce a permanent reserve and price mechanism for gas, a big steelmaker says.

AAP

Global consortium led by Australia’s BlueScope weighs takeover of embattled Whyalla steelworks

South Australian premier says more than 15 national and international parties have passed final EOI phase

The Guardian - AU

Global consortium has Whyalla steelworks in its sights

The ailing Whyalla steelworks is in the sights of an international consortium with deep pockets and led by Australia's largest steelmaker.

AAP

Australia’s trade minister says Trump plan to double steel and aluminium tariffs to 50% ‘not the act of a friend’

Don Farrell says US president’s latest tariffs announcement ‘an act of economic self-harm’ and he will continue to advocate for their removal

The Guardian - AU

Australia – like everyone else – fails to win exemption from Trump’s tariffs on aluminium and steel

Australia has failed to win an exemption from Donald Trump’s 25% tariffs on aluminium and steel, but the government has vowed to fight on for a carve out.

The Conversation

What went wrong at Whyalla steelworks and will it end with SA government in legal fight with UK billionaire?

Issues between GFG, Sanjeev Gupta and SA government grumbled along for years, before dramatic events forced company into administration

The Guardian - AU

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Fears Australia’s GST could be next target in Trump’s reciprocal tariff threat

Economist argues GST is not protectionist and should not attract any new levy from the US but concern remains for steel industry

The Conversation

Trump agrees to consider Australian exemption from tariffs, describing Albanese as ‘very fine man’

US President Donald Trump has agreed to “consider” exempting Australia from the 25% tariff he has imposed on imports of steel and aluminium to the US.

The Guardian - AU

Albanese to speak with Trump as US president announces 25% tariff on steel imports

Ministers were seeking return of Turnbull-era exemptions ahead of US president’s announcement of new duties on steel and aluminium

AAP

Albanese to press Trump for tariff breaks for Australia

Prime Minister Anthony Albanese will attempt to secure Australian companies an exemption from US tariffs in a direct phone call with President Donald Trump.

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The Guardian - AU

‘National disaster’ if troubled Whyalla steelworks falls over, SA premier warns

Peter Malinauskas calls situation ‘tricky’ but says state government will continue to monitor Sanjeev Gupta’s GFG Alliance and act where it can

AAP

BlueScope backs Port Kembla steelworkers amid downturn

A major steelmaker warns of tough conditions as it braces for rising electricity, gas and labour costs amid a stubbornly soft home building market.

The Conversation

Australia needs large-scale energy production – here are 3 reasons why offshore wind is a good fit

On the weekend, an area 20km off the Illawarra coast south of Sydney became Australia’s fourth offshore wind energy zone. It’s the most controversial zone to date, with consultation attracting a record 14,211 submissions – of which 65% were opposed.

AAP

Aussie economy 'OK' despite weaker housing: BlueScope

BlueScope Steel expects local housing starts to recover and strong demand in the United States for infrastructure, including steel-intensive renewable energy.

AAP

'Electric melter' fires decarbonisation in global steel

Iron ore and steel leaders BHP, Rio Tinto and BlueScope are scoping locations in Australia for a pilot plant to make low-carbon steel using cleaner technology.

AAP

Powering regions with 'clean, green Aussie-made steel'

Some $200 million to future-proof regional steelworks and keep workers employed in a low-carbon economy has been handed to NSW and South Australian furnaces.

Newsroom.co.nz

Govt offers NZ Steel $30m more in bonuses for bigger, faster emissions cuts

NZ Steel's next step is using hydrogen and natural gas to eliminate emissions in the first step of turning ironsands into steel, but the company says commercial deployment is at least decade away. Rod Oram reports.

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