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    February 17, 2026

    BlueScope logs improved N. American results, affirms openness to acquisition offers

    Written by Ethan Bernard

    Australia-based steelmaker BlueScope reported higher profits in its North American operations in the first half of its fiscal-year 2026 as it remained open to bids for the overall company.

    Its North Star BlueScope operation posted EBIT of A$321 million (USD$227 million) in 1H FY2026 ended Dec. 31, up from A$202 million in 2H FY2025. However, its Buildings and Coatings Products North American unit reported EBIT of A$129 million vs. A$131 million in the same comparison.

    Ethan Bernard

    Ethan Bernard is managing editor for Steel Market Update. He previously worked for American Metal Market as a copy editor in the New York office for two years, starting in 2008. Later, he copy edited AMM’s monthly magazine on a freelance basis from 2015 until 2017. With experience in financial copywriting and textbook publishing, he holds a BA in Comparative Literature from UC Berkeley, and an MFA in Creative Writing from New York University. He can be reached at ethan@steelmarketupdate.com or 724-759-7871.

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