BUZZ-Australia's BlueScope Steel set for second straight week of losses

Reuters

02/27

** BlueScope Steel BSL.AX down ~1% so far this week; set to log its second straight week of losses

** Steel producer said on Thursday A$15 billion ($10.68 billion) revised proposal from SGH and U.S.-based Steel Dynamics STLD.O did not address co's valuation concerns

** Added it was open to transaction at price that reflects "fair value of BlueScope"

** However, BSL up 1% at A$27.985

** YTD, Stock up 20.1%

($1 = A$1.4049)

(Reporting by Roshan Thomas in Bengaluru)

((Roshan.Thomas@thomsonreuters.com;))

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