Jul 9, 2026 – 12.05pmIf we were looking for a concrete signal that Seven Group and its US partner Steel Dynamics’ $14.2 billion bid for BlueScope Steel has flamed out, we found it this week.The research arms of both investment banks advising Stokes on the deal, Barrenjoey and Goldman Sachs, have re-initiated coverage of BlueScope Steel after more than six months in suspension.Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber?
Research restart pours cold water on $14.2b BlueScope takeover hopes
The research arms Barrenjoey and Goldman Sachs have re-initiated coverage of BlueScope Steel after more than six months in suspension.
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