BlueScope Earnings Tailwind Overshadows Loss of M&A Premium -- Market Talk

Dow Jones

Jun 03

0135 GMT - BlueScope bull Jefferies upgrades earnings forecasts for the Australian steelmaker, citing a recent strong rally in spreads. The U.S. demand backdrop remains supportive, it says. That prompts a lift in its share-price target on BlueScope to A$36.00 from A$35.00. The bank keeps a buy rating. The better earnings outlook more than offsets the removal of an M&A premium, as more time passes without an update on the Steel Dynamics-SGH takeover bid, it says. "Mid-June could prove a catalyst with SGH free to revise its bid or walk away," says Jefferies. "Whatever the outcome, we see upside to FY27" estimates given favorable spreads, it says. BlueScope is up 4.9% at A$33.32. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

(END) Dow Jones Newswires

June 02, 2026 21:35 ET (01:35 GMT)

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The U.S. demand backdrop remains supportive, it says. That prompts a lift in its share-price target on BlueScope to A$36.00 from A$35.00. The bank keeps a buy rating. The better earnings outlook more than offsets the removal of an M&amp;A premium, as more time passes without an update on the <a href=\"https://laohu8.com/S/STLD\">Steel Dynamics</a>-SGH takeover bid, it says. \"Mid-June could prove a catalyst with SGH free to revise its bid or walk away,\" says Jefferies. \"Whatever the outcome, we see upside to FY27\" estimates given favorable spreads, it says. BlueScope is up 4.9% at A$33.32. (rhiannon.hoyle@wsj.com; @RhiannonHoyle) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 02, 2026 21:35 ET (01:35 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BlueScope Earnings Tailwind Overshadows Loss of M&A Premium -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBlueScope Earnings Tailwind Overshadows Loss of M&A Premium -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-06-03 09:35</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0135 GMT - BlueScope bull Jefferies upgrades earnings forecasts for the Australian steelmaker, citing a recent strong rally in spreads. The U.S. demand backdrop remains supportive, it says. That prompts a lift in its share-price target on BlueScope to A$36.00 from A$35.00. The bank keeps a buy rating. The better earnings outlook more than offsets the removal of an M&amp;A premium, as more time passes without an update on the <a href=\"https://laohu8.com/S/STLD\">Steel Dynamics</a>-SGH takeover bid, it says. \"Mid-June could prove a catalyst with SGH free to revise its bid or walk away,\" says Jefferies. \"Whatever the outcome, we see upside to FY27\" estimates given favorable spreads, it says. BlueScope is up 4.9% at A$33.32. (rhiannon.hoyle@wsj.com; @RhiannonHoyle) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 02, 2026 21:35 ET (01:35 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7129","symbol_name":"钢铁","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2640392713","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2640392713","pubTimestamp":1780450500,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0135 GMT - BlueScope bull Jefferies upgrades earnings forecasts for the Australian steelmaker, citing a recent strong rally in spreads. The U.S. demand backdrop remains supportive, it says. That prompts a lift in its share-price target on BlueScope to A$36.00 from A$35.00. The bank keeps a buy rating. The better earnings outlook more than offsets the removal of an M&A premium, as more time passes without an update on the Steel Dynamics-SGH takeover bid, it says. \"Mid-June could prove a catalyst with SGH free to revise its bid or walk away,\" says Jefferies. \"Whatever the outcome, we see upside to FY27\" estimates given favorable spreads, it says. BlueScope is up 4.9% at A$33.32. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7129":"钢铁","BSL.AU":"BLUESCOPE STEEL LTD"},"translate_title":"博思格盈利顺风掩盖了并购溢价的损失——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BSL.AU":0.9},"content_text":"0135 GMT - BlueScope bull Jefferies upgrades earnings forecasts for the Australian steelmaker, citing a recent strong rally in spreads. The U.S. demand backdrop remains supportive, it says. That prompts a lift in its share-price target on BlueScope to A$36.00 from A$35.00. The bank keeps a buy rating. The better earnings outlook more than offsets the removal of an M&A premium, as more time passes without an update on the Steel Dynamics-SGH takeover bid, it says. \"Mid-June could prove a catalyst with SGH free to revise its bid or walk away,\" says Jefferies. \"Whatever the outcome, we see upside to FY27\" estimates given favorable spreads, it says. BlueScope is up 4.9% at A$33.32. (rhiannon.hoyle@wsj.com; @RhiannonHoyle) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 02, 2026 21:35 ET (01:35 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}