BlueScope today provided a letter to the consortium comprising SGH Limited (ASX:SGH) and Steel Dynamics, Inc. (NASDAQ: STLD) in response to its revised non-binding indicative proposal received on 18 February 2026. 

The letter sets out the Board's assessment of the revised proposal and the basis on which the Board would be prepared to consider further engagement with the consortium. 

A copy of the letter is attached to the release. 

BlueScope shareholders do not need to take any action in relation to the revised proposal. 

BlueScope will continue to keep the market informed in accordance with its continuous disclosure obligations. 

Read the ASX Release and the letter.