United States Steel Corporation is a leading steel producer that manufactures a wide range of steel products for various industries, including automotive, construction, energy, and consumer goods. The company operates several steel mills and facilities across the United States and has a history of innovation in steel production, focusing on sustainability and efficiency. In addition to steelmaking, United States Steel is involved in mining operations to source raw materials, while also engaging in the development of advanced technologies to enhance environmental performance and minimize its carbon footprint. With a commitment to quality and service, the company plays a vital role in the domestic and global steel supply chain.
Employees of United States Steel Corporation (NYSE: X) (“U. S. Steel”) today will host a rally at the U. S. Steel Mon Valley Works Clairton Plant in support of the Nippon Steel transaction. Represented and non-represented employees, along with community members and local elected officials, will gather to reinforce their support for the transaction. They will again call on officials across the nation to recognize the significant benefits this transaction holds for employees and other stakeholders and to advocate for regulatory reviews to be focused on the merits of the deal. Earlier this week, Nippon Steel announced that all eligible USW-represented U. S. Steel employees and eligible non-represented employees will receive a $5,000 bonus within 30 days of deal closing. Altogether, the Closing Bonus will result in a nearly $100 million aggregate payment to qualifying employees. *
United States Steel shares are plunging Tuesday following a Bloomberg report that President Joe Biden will block the company's proposed acquisition by Nippon Steel.
United States Steel Corporation (NYSE: X) (“U. S. Steel”) today reacted to the U.S. Department of Commerce’s preliminary findings regarding oil country tubular goods (OCTG) from Argentina and Mexico. In its release, Commerce preliminarily found that Argentine OCTG produced/exported by Tenaris’ Siderca S.A.I.C and Mexican OCTG produced/exported by Tenaris’ Tubos de Acero de Mexico, S.A., continued to be dumped in the U.S. market at rates of 6.80% and 30.38%, respectively, during the 2022-2023 review period.
U.S. stocks paused for a breather Tuesday, with major equity indices hovering near the flatline as investors digested global developments, including China’s ban on key raw material exports to the U.S.
United States Steel Corporation's (NYSE: X) stock is moving lower Tuesday from continued momentum following statements made by President-elect Donald Trump on Truth Social on Monday. Here's what you need to know.
On Monday, Dec. 2, 2024, Trump opposed Nippon Steel's $14.1B bid for U.S. Steel, pledging tariffs and tax incentives to block the deal and bolster domestic industry.
However, Trump's election victory has introduced new complications, as he intends to block the acquisition in line with his anticipated isolationist policies
