United States Steel Corporation (X)
NYSE NYSE Primary 
US Steel Stock Slips on Weaker-Than-Expected Outlook
U.S. Steel (X) shares fell Friday as the steelmaker gave weaker-than-expected guidance for the current quarter because of falling prices and the costs related to a factory being developed in Arkansas.
U.S. Steel Lowers EBITDA Guidance for Q4 Amid Weak Pricing
The $150 million adjusted EBITDA guidance for Q4 is lower than X's previous outlook.
Biden to kill Nippon Steel's $15B takeover of US Steel on national security grounds: report
The Committee on Foreign Investment in the United States panel reviewing the deal must refer its decision on the merger to Biden by Dec. 22 or 23, Bloomberg reported.
US Steel shares plummet on reports Biden set to block Nippon deal
President Joe Biden plans to formally prevent Nippon Steel Corp.'s $14.1 billion acquisition of United States Steel Corporation (NYSE:X), citing national security concerns, according to a report by Bloomberg. The proposed deal, announced last December, faced strong opposition from stakeholders, including the United Steelworkers union and President Biden, who had pledged to ensure U.S.
Japanese takeover could spell long-term decline of U.S. Steel, union chief says
The head of a powerful labour union opposing U.S. Steel's sale to Japan's Nippon Steel said he has not received assurances that the would-be owners are committed to ensuring the lasting success of the strategic U.S. firm.
Trump Vows To Block US Steel Takeover by Nippon Steel
Close KEY TAKEAWAYS U.S. Steel shares are falling 7% in premarket trading Tuesday after President-elect Donald Trump said that he would block Nippon Steel's planned $14 billion acquisition of its American rival.In a post on his Truth Social platform, Trump wrote he was "totally against" the takeover of the company by a foreign firm, reiterating his previous opposition to the bid. U.S. Steel shares are down more than 15% this year through Monday. U.S. Steel (X) shares are falling 7% in premarket trading Tuesday after President-elect Donald Trump said that he would block Nippon Steel's planned $14 billion acquisition of its American rival. In a post on his Truth Social platform, Trump wrote he was "totally against" the takeover of the company by a foreign firm, reiterating his previous opposition to the bid. The Japanese company had agreed to buy U.S. Steel last year, but has faced pushback from the Biden administration, which extended the foreign security review period for the deal. "Through a series of Tax Incentives and Tariffs, we will make U.S. Steel Strong and Great Again, and it will happen FAST!," Trump said. "As President, I will block this deal from happening." Both Trump and the White House have argued the deal would hurt U.S. workers. CEO Has Said US Steel Would Have To Close Plants if Deal Falls Through However, U.S. Steel Chief Executive Officer (CEO) David Burritt has said that without the promised $3 billion promised by Nippon Steel if the deal passes, the company would have to close plants and move out of its headquarters in Pittsburgh. Neither U.S. Steel nor Nippon Steel immediately returned Investopedia requests for comment. U.S. Steel shares are down more than 15% this year through Monday. Do you have a news tip for Investopedia reporters? Please email us at [email protected]
Trump pledges to block US Steel sale, sending shares tumbling
President-elect Donald Trump has pledged to block US Steel's sale to Japan's Nippon Steel. Having vowed to block the deal during his campaign, Trump shared his views on the sale on Monday for the first time since being elected through a Truth Social post.
Trump says tax incentives and tariffs will make US Steel stronger
U.S. President-elect Donald Trump said on Monday a series of tax incentives and tariffs will make U.S. Steel strong again, as he reiterated his opposition to Nippon Steel's planned purchase of the company.
Buy, Sell Or Hold X Stock?
United States Steel stock dropped nearly 6% during Wednesday's trading, accelerating the losing streak from the past week. Nippon Steel Corporation, Japan's largest steelmaker, set out to acquire United States Steel in December 2023, but has faced still opposition from both U.S. Presidents Joe Biden and President-elect Donald Trump.
Mining sector faces 'small negative' from Trump in White House, positive for US steel
Donald Trump's return to the White House will present a "modest net negative" for the mining sector in the near-term, analysts predict, but there are many moving parts to how things could turn out, including potential positives. This is based on his election campaign promises for more aggressive trade barriers and a slower transition to renewables and electro vehicles, analysts at Jefferies said.
Why U.S. Steel Stocks Were Soaring Today
A Trump victory could mean higher tariffs on foreign steel, with a key merger in limbo.
