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AAP

Derek Rose

BlueScope shares steady after $13b deal's rejection

BlueScope Bluescope Steel Dean Lewins Kerry Stokes SGH Steel Dynamics

Shares in BlueScope Steel are holding firm after the company rejected another takeover bid. (Dean Lewins/AAP PHOTOS)

BlueScope Steel shares have only slipped slightly after Australia's largest steelmaker flatly rejected a $13.2 billion takeover bid involving billionaire Kerry Stokes and a US partner.

BSL shares closed on Thursday down 1.6 per cent to $29.40, still well above the $20 to $25 trading range they spent nearly all of 2025, and only just under the $30-per-share price the Mr Stokes-controlled SGH and Steel Dynamics are offering.

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