Why is Kerry Stokes proposing to buy BlueScope?

Kerry Stokes sees long-term value in BlueScope , especially its strong US operations, steady cash flow, and role in global infrastructure and steel demand.

How much is the proposed BlueScope buyout worth?

The proposed buyout values BlueScope at around $9 billion , including debt, making it one of Australia’s largest industrial takeover bids in years.

Who is partnering with Kerry Stokes in the BlueScope deal?

The proposal is backed by Stokes-controlled SGH and US steelmaker Steel Dynamics , which brings operational expertise and global scale.

What happens to BlueScope shares if the deal does not go ahead?

Even without a deal, analysts believe BlueScope shares could stay supported due to strong fundamentals, earnings, and global steel dem

Will regulators approve the BlueScope takeover?

Regulatory approval is expected to be closely reviewed, but the domestic ownership and industrial nature of the buyers may reduce major concerns.

Global Market Insights | Market News

Australian Tycoon Kerry Stokes and US Steel Firm Propose $9 Billion Buyout of BlueScope

ByRubaisha January 6, 2026January 6, 2026

BlueScope in the Spotlight as $9 Billion Buyout Proposal Emerges

BlueScope, Australia’s largest steelmaker, has entered the global spotlight after confirmation that Australian billionaire Kerry Stokes and a major US steel firm have proposed a buyout valued at around $9 billion, including debt. The proposal has triggered intense market interest, pushing BlueScope shares to their highest level in nearly 17 years, and sparking debate over valuation, strategy, and the future of Australian steel manufacturing.