News
X
39.13
-2.90%
-1.17
US Steel falls as Biden says company will remain American owned
US Steel down 1.5% as Biden says company will remain American owned. Japanese company Nippon Steel is trying to buy US Steel for $14 billion. Biden has voiced his opposition to the deal and the U.S. Steelworkers union continues to oppose the tie-up.
Seeking Alpha · 22h ago
Biden says U.S. Steel should remain an American company
Biden says U.S. Steel should remain an American company. President Joe Biden says company will be bought by Japan's Nippon Steel for $14.9 billion. U.s. Steel Corp has agreed to be bought for $15.5 billion. Biden says the company should stay a U. S.-owned company.
Reuters · 22h ago
LIVE: Watch "President Biden Delivers Remarks At United Steelworkers Headquarters In Pittsburgh — 4/17/2024"
Benzinga · 22h ago
President Biden Says 'Guaranteed' He'll Keep U.S. Steel Domestic
Benzinga · 22h ago
US STEEL - APPLAUDS BIDEN ADMINISTRATION’S TRADE ENFORCEMENT AGAINST CHINA, INCLUDING POTENTIALLY HIGHER TARIFF RATE ON CHINESE STEEL COS
Reuters · 1d ago
Biden To Announce Tariff Hikes On Chinese Steel, Aluminum Imports: Another 'Hit To Real Income And Consumer Spending,' Economist Cautions
President Joe Biden is set to announce new 25% tariffs on Chinese steel and aluminum imports. Biden's administration is also set to review China's shipbuilding practices. The measures aim to strengthen the domestic steel sector and protect U.S. Jobs from China's industrial excesses.
Benzinga · 1d ago
Biden Is Going Big on China. He Wants to Triple Tariffs on Chinese Steel.
President Joe Biden says he wants to triple the tariffs on imported Chinese steel and aluminum. Biden also reiterated his opposition to Nippon Steel's $14 billion bid for U.S. Steel. The Administration argues that China is using unfair trade practices to flood the market.
Barron‘s · 1d ago
UPDATE 3-Biden to call for higher Chinese metals tariffs in 'Steel City' Pittsburgh
President Joe Biden to call for higher Chinese metals tariffs in 'Steel City' Pittsburgh. Biden will propose raising to 25% the tariffs imposed by his predecessor Donald Trump on certain Chinese steel and aluminum products. The measures are aimed at pleasing steelworkers in the swing state of Pennsylvania. Biden's administration is also pressuring Mexico to prohibit China from selling to the U.S.
Reuters · 1d ago
UPDATE 4-Biden calls for higher Chinese metals tariffs in 'Steel City' Pittsburgh
U.S. President Joe Biden calls for higher Chinese metals tariffs in 'Steel City' of Pittsburgh. Biden proposes raising to 25% the tariffs imposed by his predecessor Donald Trump on certain Chinese metal products. The measures are aimed at pleasing steelworkers in the swing state of Pennsylvania. Biden is campaigning for reelection in the "Steel City"
Reuters · 1d ago
Biden Goes Big on Steel. He's for Raising Tariffs and Against Japan's Bid for U.S. Steel.
President Joe Biden says he wants to triple the tariffs on imported Chinese steel and aluminum. Biden also reiterated his opposition to Nippon Steel's $14 billion bid for U.S. Steel. The Administration argues that China is using unfair trade practices to flood the market.
Barron‘s · 1d ago
Biden administration calls for tripling China tariffs on steel, aluminum imports
Seeking Alpha · 1d ago
Biden calls for tripling tariffs on Chinese steel, probing Beijing’s potential unfair trade practices in shipbuilding
MarketWatch · 1d ago
ANALYSIS-Japan Inc makes a renewed U.S. push as China fears mount
Japan Inc makes a renewed U.S. Push as China fears mount. Japanese companies are increasingly hitching their growth plans to the United States. Concerns about Chinese demand and Beijing's influence over supply chains prompt a pivot toward the world's largest economy. Almost half of Japanese companies operating in China have reduced investment in the country.
Reuters · 1d ago
Buy U.S. Steel Stock. It Won't Be Stuck in Deal Limbo Forever.
U.S. Steel is now the world's 27th-largest steel company. The company is the third-largest in the U.S., after Cleveland-Cliffs and Nippon Steel. The takeover of United States Steel by Japan's nippon steel is in limbo. Al Root says the company is still a buy and its stock is still worth more than the market thinks.
Barron‘s · 1d ago
Press Release: United States Steel Corporation to Release First Quarter 2024 Financial Results on May 2, 2024
United States Steel Corporation to Release First Quarter 2024 Financial Results on May 2, 2024. Founded in 1901, U.S. Steel Corporation is a leading steel producer. The company entered into a definitive merger agreement to be acquired by Nippon Steel Corporation in December 2023.
Dow Jones · 1d ago
Biden trip to Pennsylvania to include trip to USW headquarters - report
President Joe Biden's trip to Pennsylvania on Wednesday is expected to include a stop at the United Steelworkers headquarters. Biden isn't expected to say anything new about Nippon Steel's planned $14B purchase of US Steel. The visit comes as Treasury Secretary Janet Yellen said she accepts Biden's view that US Steel should remain in American hands.
Seeking Alpha · 1d ago
Notable Tuesday Option Activity: X, SPHR, EXAS
NASDAQ · 1d ago
Treasury Secretary Yellen Backs Biden on U.S. Steel (NYSE:X) Deal
TipRanks · 1d ago
Yellen says she accepts Biden view that US Steel should remain in American hands
Treasury Secretary Janet Yellen says she accepts President Joe Biden's view that US Steel should remain in American hands. US Steel and Nippon Steel are pushing back the time frame for their $14.1 billion deal to close in 2024. President Biden voiced his opposition to the deal last month.
Seeking Alpha · 2d ago
United States Steel (X) Declines More Than Market: Some Information for Investors
NASDAQ · 2d ago
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About X
United States Steel Corporation is a steel producer. The Company operates through four segments: North American Flat-Rolled (Flat-Rolled), Mini Mill, U. S. Steel Europe (USSE) and Tubular Products (Tubular). The Flat-Rolled segment is involved in the production of slabs, strip mill plates, sheets and tin mill products, as well as all iron ore, direct reduced grade pellets, pig iron, and coke production facilities in the United States. The Mini Mill segment produces hot-rolled, cold-rolled, coated sheets and electrical steels. The USSE segment produces and sells slabs, strip mill plate, sheet, tin mill products and spiral welded pipe. The Tubular segment produces and sells rounds, seamless and electric resistance welded (ERW) steel casing and tubing (OCTG), and standard and line pipe and mechanical tubing. It serves the automotive, construction, appliance, energy, container, and packaging industries with high value-added steel products such as its XG3 advanced high-strength steel.