---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-000833"
form_type: "8-K"
ticker: "STLD"
cik: "0001022671"
company_name: "STEEL DYNAMICS INC"
filed_at: "2026-01-06T23:59:59+00:00"
generated_at: "2026-05-16T11:29:26.231065+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Steel Dynamics and SGH submit AUD$30/share NBIO to acquire BlueScope Steel for AUD$13.2B

## Summary
- AUD$30.00 (USD$20.04) per share cash offer for BlueScope Steel Ltd (BSL), valuing equity at AUD$13.2B.
- SGH to acquire 100% of BSL, then sell BSL's North American operations (incl. North Star mill) to Steel Dynamics.
- Offer is 27% premium to BSL's Dec 11 close of AUD$23.66; 33% premium to 3-month VWAP.
- No certainty of transaction; subject to due diligence, regulatory approvals, and binding scheme implementation.
- SGH and SDI to fund from cash/debt; no equity raise needed; key management expected to be retained.

## SEC filing metadata
- accession: 0001104659-26-000833
- form_type: 8-K
- ticker: STLD
- cik: 0001022671
- company_name: STEEL DYNAMICS INC
- filed_at: 2026-01-06T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1022671/000110465926000833/0001104659-26-000833-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1022671/000110465926000833/tm261963d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-000833
- JSON: https://secwatch.observer/filing/0001104659-26-000833.json
- Plain text: https://secwatch.observer/filing/0001104659-26-000833.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.