South Korea's Hyundai Motor Group said on Monday that it has signed a memorandum of understanding with Posco Holdings for cooperation on a U.S. steel plant.
PITTSBURGH--(BUSINESS WIRE)--United States Steel Corporation (NYSE: X) (“U. S. Steel”) today announced that it will release financial results for the first quarter 2025 on Thursday, May 1, 2025, following the close of trading on the New York Stock Exchange. As previously announced, on December 18, 2023, the company entered into a definitive merger agreement to be acquired by Nippon Steel Corpor...
U.S. President Donald Trump on Sunday said he doesn't think a foreign company should control U.S. Steel , repeating comments made last week that dimmed hopes for a greenlight of a $14 billion bid by Japan's Nippon Steel to buy the U.S. firm.
Shocks in the global financial markets have been accelerating in the past couple of weeks, especially as President Trump rolls out more aggressive trade tariffs in response to China's refusal to retaliate on the reciprocal tariff plan with all other trading partners. With this in mind, one specific issue is at play when it comes to the industrial sector of the United States, which seems to be a...
United States Steel Corporation (NYSE:X) shares fell sharply after President Donald Trump reiterated his opposition to Nippon Steel's proposed $14 billion takeover of the company. The President stated Wednesday night that he doesn't want it sold to “Japan or any other place.
In the middle of a trade war, with tariff threats flying fast and furious, you might expect a big commodity company like United States Steel (X -8.06%) to suffer serious damage.
Shares of U.S. Steel (X) tumbled 8% in early trading Thursday, after President Donald Trump reportedly said that he doesn't want foreign ownership of the company.
Nippon Steel's $15 billion bid to acquire U.S. Steel, launched in 2023, may finally be dead after President Donald Trump said he'd rather see the company remain under U.S.-based ownership.
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