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BlueScope Steel (ASX:BSL) has an average rating of overweight and mean price target of AU$34.79, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
(Updates to add BlueScope's response in the fourth and fifth paragraphs)BlueScope Steel (ASX:BSL) is no longer a bidder for Whyalla Steelworks operations in South Australia, multiple media outlets reported on Wednesday.South Australia Premier Peter Malinauskas said that two bidders have been shortlisted for the sale, according to his post on X.According to media reports, M Resources and India-listed Jindal Steel remain the last remaining bidders for the South Australian business.A Bluescope spokesperson, in response to' email request for comment, said that its consortium, together with Nippon Steel Corporation, JSW Steel, and POSCO, has been advised by the Administrators that it has not been invited to progress to the next stage of the process."The Administrator has confirmed that BlueScope retains its right of last offer under the services agreement[;] however, there remains no obligation on any of the consortium members to make an offer to acquire the Whyalla Steelworks," the spokesperson added.The company's shares rose 1% in recent Wednesday trade.
BlueScope Steel (ASX:BSL) is no longer a bidder for Whyalla Steelworks operations in South Australia, multiple media outlets reported on Wednesday.South Australia Premier Peter Malinauskas said that two bidders have been shortlisted for the sale, according to his post on X.According to media reports, M Resources and India-listed Jindal Steel remain the last remaining bidders for the South Australian business.As per the Australian Financial Review, BlueScope still has the right to make a final offer to match any final bid from either of the two remaining bidders.Bluescope did not immediately respond to' email request for comment.The company's shares rose 1% in recent Wednesday trade.
BlueScope Steel (ASX:BSL) simplified its board committee structure in February to enhance governance and better align its oversight with the company's strategic goals, according to a Friday filing with the Australian bourse.The revised structure includes an audit, risk, and technology committee chaired by Jennifer Lambert; a safety and sustainability committee chaired by Alistair Field; a people, culture, and remuneration committee chaired by K'Lynne Johnson; and a nomination committee with Jane McAloon as chair.The company appointed Michael Morley as an independent non‑executive director on its board, effective June 1. It said Rebecca Dee‑Bradbury is resigning from the BlueScope board in November.
BlueScope Steel's (ASX:BSL) potential sale of US assets might unlock additional value above the existing bid from Seven Group Holdings and Steel Dynamics, based on sum-of-the-parts or break-up valuation, according to a Tuesday Jefferies note.Jefferies has increased its forecast for the company's earnings before interest and tax for fiscal year 2027 by 15%.The upgrade reflects higher expected steel spreads in Asia and the US during the first half of fiscal year 2027, the note added.Jefferies kept a buy rating on Bluescope with a price target of AU$35.The company's shares rose 2% in recent Tuesday trade.
