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Story summary
- BlueScope Steel shares fell nearly 5% after rejecting the SGH and Steel Dynamics consortium's revised A$15 billion bid.
- The board said the offer of A$34 per share was insufficient and is now valued at A$32.35 after dividends.
- BlueScope remains open to negotiations if the consortium can present fair value and clarify the funding structure.
- Jane McAloon, Chair of BlueScope Steel, said a clearer valuation of North American assets is needed.
