The new year is already off to a strong start, with both the Dow Jones Industrial Average (DJI) and S&P 500 Index (SPX) with fresh record closesunder their belts. For investors lo

Protectionist industrial policies of the U.S. and Australian Governments are the key to a takeover bid for Australian steel maker BlueScope

SYDNEY, Jan 7 (Reuters) - ‌BlueScope ​Steel investors said they are ‌hoping a A$13.2 billion ($8.92 billion) buyout bid for the company from ​SGH and U.S.-based Steel Dynamics will be raised to win their backing to sell Australia's largest steelmaker.

If you are wondering whether Steel Dynamics at around US$172.74 is still offering value or starting to look stretched, you are not alone. The stock has returned 1.0% over the last week and 4.6% over the last month,

The BlueScope board is under pressure from its big investors to extract a higher price for the company than the $13.2bn on offer from battle-hardened corporate raiders led by billionaire Kerry Stokes,