Steel Dynamics discloses NBIO to acquire BlueScope Steel Ltd

Rhea-AI Filing Summary

Steel Dynamics, Inc. reported that, on January 5, 2026, it and SGH Ltd issued a joint press release confirming the submission of an NBIO to acquire BlueScope Steel Ltd.

The company furnished this press release as Exhibit 99.1 under a Regulation FD disclosure, meaning it is being shared to keep all investors informed at the same time. The information in the exhibit is described as furnished rather than filed, which affects how it is treated under U.S. securities laws but does not change the fact that Steel Dynamics is publicly signaling interest in a potential acquisition of BlueScope Steel.

Insights

Equity and M&A analyst

Steel Dynamics and SGH Ltd are exploring a potential BlueScope Steel acquisition via a preliminary NBIO, with no binding deal or terms disclosed yet.

The company states that it and SGH Ltd have submitted an NBIO to acquire BlueScope Steel Ltd, and that this was communicated through a joint press release. An NBIO is typically an early, non-binding expression of interest, so this step indicates strategic exploration of a transaction rather than a completed or committed acquisition.

The information is furnished under Regulation FD, emphasizing equal access to material updates for all investors. With no price, structure, or timing terms disclosed in this excerpt, the practical impact will depend on whether discussions progress to a definitive agreement, which would be detailed in future communications if they occur.

8-K Event Classification

2 items: 7.01, 9.01

2 items

Item 7.01 Regulation FD Disclosure Disclosure

Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Steel Dynamics (STLD) disclose in the January 5, 2026 8-K?

Steel Dynamics disclosed that it and SGH Ltd issued a press release confirming the submission of an NBIO to acquire BlueScope Steel Ltd., furnished as Exhibit 99.1.

Is Steel Dynamics proposed acquisition of BlueScope Steel Ltd finalized?

No. The disclosure refers to the submission of an NBIO, which is a preliminary, non-binding step and does not represent a completed acquisition agreement.

How was the BlueScope Steel NBIO announcement communicated by Steel Dynamics (STLD)?

It was communicated through a joint press release by Steel Dynamics, Inc. and SGH Ltd, titled SGH and Steel Dynamics confirm the submission of a NBIO to acquire BlueScope Steel Ltd. and furnished as Exhibit 99.1.

Does the Steel Dynamics 8-K include financial terms for the BlueScope Steel NBIO?

In this excerpt, Steel Dynamics only states that an NBIO to acquire BlueScope Steel Ltd. was submitted and disclosed via press release; specific financial terms are not provided here.

What is the regulatory status of the information about the NBIO in Steel Dynamics 8-K?

The company notes that the information in Exhibit 99.1 is furnished under Item 7.01 (Regulation FD Disclosure) and is not deemed filed for purposes of Section 18 of the Exchange Act.

Where can investors find more details about Steel Dynamics NBIO regarding BlueScope Steel?

Investors can review Exhibit 99.1 to the 8-K, which is the press release titled SGH and Steel Dynamics confirm the submission of a NBIO to acquire BlueScope Steel Ltd.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 01/05/2026 - 07:47 PM Learn about SEC filing dates

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (date of earliest event reported) January 5, 2026

STEEL DYNAMICS, INC.

(Exact name of registrant as specified in its charter)

Indiana		0-21719		35-1929476
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

7575 West Jefferson Blvd, Fort Wayne, Indiana 46804

(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code: 260-969-3500

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol	Name of each exchange on which registered
Common Stock voting, $0.0025 par value	STLD	NASDAQ Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ¨

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Item 7.01. Regulation FD Disclosure.

On January 5, 2026, Steel Dynamics, Inc., jointly with SGH Ltd, issued a press release titled “SGH and Steel Dynamics confirm the submission of a NBIO to acquire BlueScope Steel Ltd.”  A copy of that press release is attached hereto as Exhibit 99.1.

The information contained in Exhibit 99.1 is furnished under this Item 7.01 and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or incorporated by reference in any filing thereunder or under the Securities Act of 1933, as amended, except as may be expressly set forth by specific reference in any such filing.

Item 9.01. Financial Statements and Exhibits

(d)           Exhibits.

The following exhibit is furnished with this report:

	Exhibit Number	Description
	99.1	A press release issued January 5, 2026, titled “SGH and Steel Dynamics confirm the submission of a NBIO to acquire BlueScope Steel Ltd.”
	104	Cover Page Interactive Data File – the cover page interactive data file does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned hereto duly authorized.

		STEEL DYNAMICS, INC.
		/s/ Theresa E. Wagler
Date: January 5, 2026	By:	Theresa E. Wagler
	Title:	Executive Vice President and Chief Financial Officer