Buy BSL by Jun 16, 2026.

**Bluescope Steel ($BSL) Added a 3.5% long position.** *Flipped from short to long.* * Since BSL's soft rejection of SGH's revised takeover proposal on 26 Feb 2026, BSL share price has fallen by more than 4%. There is zero M&A premium factored into the price at current levels. * Earnings momentum in the US are at least very much turning. The North Star mini-mill in the US margins continue to rip and are up 10% the past month. HRC spreads …