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Stock impact report

BlueScope Eyes US Growth With Expansion, Boosts Investor Payout [Yahoo! Finance Canada]

Steel Dynamics, Inc. (STLD) 
Last steel dynamics, inc. earnings: 4/20 06:00 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.steeldynamics.com/presentations
Most Read from Bloomberg The Australian steelmaker aims to increase annual capacity at its North Star mill in Ohio from 3 million to 3.3 million tons, with plans to potentially grow beyond that level. It will also look to tap a “large market in the US” for its premium business supplying coated and painted steel to the building industry. The expansion would be based on the successes in Australia, New Zealand and Asia. Bluescope last month knocked back what it called a “highly opportunistic takeover proposal” of A$13.2 billion ($9.3 billion) or A$30 a share from Steel Dynamics and SGH. The deal, which was the latest in a series of unsuccessful bids, would have seen the company split into two businesses, with Steel Dynamics taking the US operations and SGH the steelworks in Port Kembla, Australia. While the firm will “consider any offers that might come our way,” Archibald said BlueScope is focused on handing cash back to investors. “What we're doing is ramping down that capital s Show less Read more
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