Manufacturing

The sharply worded letter to SGH and Steel Dynamics wasn’t intended to be a rebuff. But whatever happens next, a transaction involving the steelmaker is now more likely.

A week after threatening to walk, SGH boss Ryan Stokes has produced a “best and final” $15 billion bid for the steelmaker, reigniting a takeover standoff that appeared to have frozen.

BlueScope has more than doubled its first-half profit and interim dividend. Its new CEO is calling it an ‘inflection point’.

The banking veteran said 2026 will be a "year of delivery" where more stakeholders will understand "why the NRF has been put in place".

Founders Paul and Michael Lutkajtis are betting manufacturers around the world are ready to ditch manual tools for smarter, scalable systems.

In his first public remarks on Steel Dynamics’ takeover bid, CEO Mark Millett criticised BlueScope’s response to the offer and its performance in North America.

The raise for the space tech startup exceeded its initial $150 million target, drawing follow-on investment from a slew of superannuation funds.

Mayne is considering a split of its operations to help shareholders recover from unrealised losses after Cosette’s $600 million takeover deal collapsed in December.

The steelmaker fired a fresh shot in its takeover defence, announcing a $1-per-share special dividend, but sources close to the bidders have dismissed the move as an act of desperation.