SGH and Steel Dynamics Submit NBIO to Acquire BlueScope Steel Ltd

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jointly issued a press release confirming the submission of a Non-Binding Indicative Offer (NBIO) to acquire 100% of BlueScope Steel Ltd for AUD$30.00 per share, representing a total equity value of AUD$13.2 billion. If successful, SGH would retain BlueScope's Australia + Rest of World operations, while Steel Dynamics would acquire BlueScope's North American operations. The offer provides BlueScope shareholders with a substantial premium over recent share prices and the companies expect no material obstacles in obtaining necessary approvals. The transaction is subject to due diligence, binding agreement, and shareholder and regulatory approvals.

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About Steel Dynamics Inc.

Steel Dynamics Inc. is a leading American steel producer that plays a crucial role in the manufacturing and construction industries. Known for its vertically integrated business model, the company operates through a network of steel mills, production facilities, and supply chains that enhance efficiency and cost-effectiveness. Steel Dynamics Inc. specializes in flat-rolled steel products, long products, and various other related metals catering to industries such as automotive, construction, and industrial manufacturing. Founded in 1993 and headquartered in Fort Wayne, Indiana, Steel Dynamics has established itself as a significant player in the steel production sector through innovation and sustainability efforts, such as recycling and minimizing waste. The company significantly impacts the construction and infrastructure industries by providing essential materials for roads, bridges, and buildings. Its role extends to impacting global trade and market dynamics, particularly within the North American steel industry. Steel Dynamics Inc. continues to evolve its technological capabilities and product offerings, solidifying its importance in the global steel market as a reliable source of high-quality steel products.