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Update: Market Chatter: Cleveland-Cliffs Teams Up With Nucor in Potential Bid for US Steel
Cleveland-Cliffs CEO Says He Has Funding for US Steel Deal - Semafor
US stock fluctuations | United States Steel rises over 1.8% as two US companies plan to jointly acquire United States Steel.
On January 14, according to Gelonghui, United States Steel (X.US) rose more than 1.8%, while Cleveland-Cliffs (CLF.US) and Nucor (NUE.US) both fell more than 1%. According to sources, Cleveland-Cliffs is collaborating with its competitor Nucor to prepare a potential acquisition offer for United States Steel. Earlier, a takeover bid by Japan's Nippon Steel for United States Steel was blocked by the White House earlier this month on the grounds of National Security. (Gelonghui)
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