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AAP
AAP
Derek Rose

BlueScope rejects 'opportunistic' $13.2b takeover bid

BlueScope Steel SGH Dean Lewins SDI Steel Dynamics Bluescope Steel Environment United States
The latest BlueScope takeover bid was quickly rejected the steel company's board. (Dean Lewins/AAP PHOTOS)

BlueScope Steel has rejected a $13.2 billion takeover bid involving billionaire Kerry Stokes and a US partner, saying it "dramatically undervalued" its assets.

US-based industrial metals group Steel Dynamics had teamed with the Mr Stokes-controlled SGH Limited in a bid to acquire the company's North American operations.

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