Feb 26 (Reuters) - Australia's BlueScope Steel BSL.AX said on Thursday that the A$15 billion ($10.69 billion) revised proposal from the SGH SGH.AX and U.S.-based Steel Dynamics STLD.O consortium does not adequately address its valuations concerns, adding that there are ways to increase the value for shareholders.
BlueScope's board said it remains open to a transaction at a price that reflects "the fair value of BlueScope", while not explicitly mentioning that it is rejecting the revised offer.
($1 = 1.4037 Australian dollars)
(Reporting by Sneha Kumar in Bengaluru; Editing by Alan Barona)
((Sneha.Kumar@thomsonreuters.com))