United States Steel Corporation (NYSE:X) and Nippon Steel are once again in active discussions to push forward their $55-per-share acquisition deal, according to new reports. The Japanese steelmaker is considering billions in additional investment to address US political concerns, sources familiar with the talks told Semafor.
Nippon Steel and U.S. Steel are in active talks about a deal that would offer $55 per share to U.S. Steel, Semafor reporter Rohan Goswami said in a post on X.
The US steel sector, once on the ropes from fierce global competition, is now riding a wave of trade protections and surging prices. But the boom might be short-lived, according to analysts at UBS.
Adjusted EBITDA of X for the quarter is projected to be around $125 million.
United States Steel Corp X is flashing bullish signals, riding an 8.35% gain over the past five days and forming a Golden Cross , a technical indicator often linked to continued upside.
US steel and aluminum stocks surged on Wednesday, despite President Donald Trump deciding not to move forward with additional tariffs on Canadian imports. The rally comes after Trump initially proposed extra tariffs in response to Ontario's 25% surcharge on power to Americans.
United States Steel (X 3.26%), which normally just goes by U.S. Steel, is an iconic name in the steel industry. However, the name recognition stems from the company's past success, not its current fortunes.
United States Steel (X -2.84%), which is usually just called U.S. Steel, is an iconic name in the global steel industry. But sadly, it's no longer an industry-leading company.
Activist investor Ancora Holdings is demanding access to records from U.S. Steel , ranging from board minutes to financial documents, as it ratchets up a campaign to replace some of the company's board members and chief executive, according to a letter seen by Reuters.
U.S. President Trump speaks from the Oval office on interest rates, tariffs and more.
Following recent developments, U.S. Steel's stock appears to be in a good spot to attract investors' attention in 2025. In spite of certain short-term risks, the probability of U.S. Steel outperforming its Cleveland-based peer is quite high. The turnaround story deserves attention as asset turnover and margins improvements could have a profound impact on the current multiple.
The steel industry is back in the news again, courtesy of President Trump. The president is leaving his mark on the negotiations between Japanese company Nippon Steel OTCMKTS: NPSCY and United States Steel NYSE: X.