BlueScope Steel Ltd. has seen a 7.3% increase in its trading value, driven by growing investor confidence and a positive outlook for the company’s future performance.

BlueScope Steel has led a global consortium in a bid to acquire the Whyalla Steelworks in South Australia, aiming to transform the site into a low-carbon steel manufacturing hub.

BlueScope Steel Ltd. has announced a major repair bill of $180 million for its Whyalla steelworks, posing a significant financial challenge for the company.