Trump Is Praising His U.S. Steel Deal. No One Is Sure What It Means
Investors, steelworkers and political leaders await details from the president ahead of his Friday rally planned at a U.S. Steel mill near Pittsburgh.
Why Is U. S. Steel Stock Surging?
United States Steel (NYSE:X) has experienced a stock increase of over 50% so far this year, in contrast to the 1% decline in the S&P 500 Index. The rise in U.S. Steel's stock price is significantly more pronounced compared to its competitors, including VALE (NYSE: VALE), which has increased by 8% year to date, Cleveland-Cliffs (NYSE:CLF), which has decreased by 32% over the same timeframe, ArcelorMittal (NYSE:MT), which is up 33% year to date, and Nucor Corp (NYSE: NUE), which has decreased by 5% during the same period.
US Steel deal with Nippon could move forward under Trump administration
Nippon Steel's $14.9B bid for U.S. Steel includes a "golden share" for U.S. control, promising 70,000 jobs and a $14B boost to the economy.
Nippon's takeover of US Steel seen as likely after Trump comments: Jefferies
A deal between Nippon Steel and United States Steel Corporation (NYSE:X) is likely to move forward following comments from US President Donald Trump suggesting support for a “planned partnership” between the two companies, though analysts caution the details remain unclear. Trump said the arrangement would create “at least 70,000 jobs” and add $14 billion to the US economy, noting that US Steel would remain headquartered in Pittsburgh.
Can the US Steel-Nippon deal really deliver 70,000 jobs as Trump claims?
United States Steel Corp (NYSE: X) has rallied more than 20% in recent sessions on the back of Trump's approval for its long overdue deal with the Tokyo based Nippon Steel (TYO: 5401).
Trump approves of Nippon Steel's bid for U.S. Steel in reversal of campaign stance
US President Donald Trump on Friday backed Nippon Steel's $14.9 billion acquisition of United States Steel Corporation (NYSE:X), reversing his earlier opposition to the deal after the Japanese company pledged to make massive new investments in American operations. “This will be a planned partnership between United States Steel and Nippon Steel, which will create at least 70,000 jobs and add $14 billion to the US economy,” Trump wrote in a post on Truth Social.
US Steel Stock Soars as Trump OKs Nippon Steel 'Partnership'
United States Steel (X) shares popped Friday after President Donald Trump said the company will partner with Japan's Nippon Steel, seemingly ending a long-running will-they-won't-they deal drama.
Trump greenlights Nippon merger with US Steel
Trump greenlights Nippon merger with US Steel
US Steel to remain in America, form 'partnership' with Nippon, Trump says
U.S. President Donald Trump on Friday announced that U.S. Steel and Japan's Nippon Steel had agreed to form a "planned partnership" that meant the American steel company would remain in the country, headquartered in Pittsburgh.
Fate of U.S. Steel Takeover in Trump's Hands
Japan's Nippon Steel has pitched a new American plant and billions of additional investments to clinch support for a deal.
U.S. Steel's Earnings and Revenues Beat Estimates in Q1
X reported a total shipment of 3,759,000 tons for the first quarter, down around 1.2% year over year.
Compared to Estimates, U.S. Steel (X) Q1 Earnings: A Look at Key Metrics
The headline numbers for U.S. Steel (X) give insight into how the company performed in the quarter ended March 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
