Oil prices were steady on Tuesday as traders digested another round of trade tariffs, this time a 25% levy on all U.S. imports of steel and aluminium, which could weigh on global economic and energy demand in the world's biggest oil consumer.
Activist investors, the president, foreign leaders, unions, and tariffs all figure in a U.S. Steel story that continues to be wild.
Shares of steel giants Nucor Corp (NYSE:NUE) and United States Steel Corp (NYSE:X) are surging after President Donald Trump on Sunday announced plans to impose a 25% tariff on steel and aluminum imports.
U.S. President Trump made remarks to the Japanese prime minister about U.S. Steel-Nippon Steel deal.
President Donald Trump says that Nippon Steel is considering investing in US Steel Corp. instead of an outright purchase during a joint news conference with Japanese Prime Minister Shigeru Ishiba. Sign up for the Washington Edition newsletter to find out how the worlds of money and politics intersect in the US capital: Click Here -------- More on Bloomberg Television and Markets Like this video?
U.S. President Donald Trump and Japanese Prime Minister Shigeru Ishiba said on Friday Japan was looking at an investment in U.S. Steel instead of an acquisition.
X sees lower pricing and demand environment across all its segments in the fourth quarter.
Although the revenue and EPS for U.S. Steel (X) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
United States Steel (X) came out with a quarterly loss of $0.13 per share versus the Zacks Consensus Estimate of a loss of $0.25. This compares to earnings of $0.67 per share a year ago.
U.S. Steel's fourth-quarter number and guidance aren't all that impressive. It doesn't matter.
Weaker selling prices and lower demand are likely to have hurt X's fourth-quarter results.
Alan Kestenbaum, Ancora's CEO and Director Candidate for U.S. Steel, joins 'Closing Bell Overtime' to talk the possibility of taking over U.S. Steel and his plans for the company if he does so.