Japan's Nippon Steel remains committed to acquiring a full stake in U.S. Steel , a senior executive said, adding that it is seeking a meeting with U.S. Treasury Secretary Scott Bessent to clarify President Donald Trump's stance on the deal.
Billionaire investor Daniel Loeb's hedge fund Third Point on Thursday detailed the size of its stakes in U.S. Steel and Kenvue , companies that shareholders hope will soon benefit from being bought by someone.
United States Steel presents a compelling investment opportunity due to the potential buyout by Nippon Steel at $55 per share, despite current economic uncertainties. The company's recent financial performance showed a decline in revenue and profitability, but results exceeded analysts' expectations, providing some optimism. The steel industry faces challenges, but potential catalysts like the ...
The company said it expects third-quarter adjusted Ebitda between $375 million and $425 million as results in its North American flat-rolled segment improve.
PITTSBURGH--(BUSINESS WIRE)--United States Steel Corporation (NYSE: X) (“U. S. Steel”) announced today that its Board of Directors declared a dividend of $0.05 per share of U. S. Steel Common Stock. The dividend is payable on Wednesday, June 11, 2025, to stockholders of record at the close of business on Monday, May 12, 2025. About U. S. Steel Founded in 1901, U. S. Steel delivers profitable an...
PITTSBURGH--(BUSINESS WIRE)--United States Steel Corporation (NYSE: X) reported first quarter 2025 net loss of $116 million, or $0.52 per diluted share. Adjusted net loss was $87 million, or $0.39 per diluted share. This compares to first quarter 2024 net earnings of $171 million, or $0.68 per diluted share. Adjusted net earnings for the first quarter 2024 was $206 million, or $0.82 per diluted...
Hedge fund Third Point owns a "meaningful" stake in U.S. Steel and expects a planned takeover deal to move ahead, and also sees opportunities in the credit markets as investors adjust to policies imposed by the Trump administration.
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.
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