Overview
- Tania Archibald took over as managing director and chief executive on Monday, succeeding Mark Vassella after eight years.
- She pledged to simplify operations, reduce costs, and unlock value from a 1,200-hectare surplus land portfolio and key U.S. assets including North Star.
- BlueScope said it is on track to pay a $1 per share special dividend from February 24 following interim results due February 16.
- The board maintained its January 7 unanimous rejection of the SGH–Steel Dynamics $30-per-share proposal, calling it highly opportunistic and undervaluing the company.
- Steel Dynamics chief Mark Millett framed the approach as strategic and compelling, and BlueScope shares traded around $29.98 with the consortium yet to outline next steps.