SGH and Steel Dynamics have raised their bid for Australia's BlueScope Steel. Bloomberg posted on X, highlighting the strategic move aimed at strengthening their position in the steel industry. The increased offer reflects the companies' commitment to expanding their market presence and enhancing their competitive edge. This development comes amid a dynamic landscape in the global steel market, where companies are seeking to consolidate and optimize their operations. The revised bid underscores the importance of BlueScope Steel as a valuable asset in the sector.