BlueScope Steel has been the target of high-profile, unsolicited acquisition proposals from a consortium consisting of U.S.-based Steel Dynamics and Australian conglomerate SGH. While BlueScope’s board of directors rejected multiple revised takeover bids—including a multi-billion-dollar proposal valued around A$32.35 per share—on the grounds that they significantly undervalued the company, discussions and market speculation regarding corporate interest in its split asset structure remain active.