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United States Steel Newsroom
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)
Daily short sale tracking: Maplebear's short volume increased by 9 million, with a short sale ratio of 38%
Maplebear(CART.US) ranked top of the list had the largest change in short volume (9.35 million shares), and the short volume ratio of Royal Bank of Canada(RY.US) reached 72.4%. See more about the top 10 list of short selling volume changes in the latest trading day of the US stock market.
Express News | Esmark: Co and Esmark Steel Group Reaffirms Support for U.S. Steel Merger by Nippon Steel
BofA Securities Maintains United States Steel(X.US) With Hold Rating, Raises Target Price to $40
Analysts Offer Insights on Materials Companies: United States Steel (X) and Origin Materials (ORGN)
Nippon Steel's acquisition case has caused new waves: two American companies plan to join forces to bid for American Steel.
① Cleveland-Cliffs plans to bid again for United States Steel, offering over $30 per share in cash; ② Cleveland-Cliffs Chairman Gonçalves calls the acquisition plan a "fully American solution"; ③ However, United States Steel has taken Cleveland-Cliffs to court, accusing it of deliberately disrupting the trade between U.S. Steel and Nippon Steel.
Two American companies plan to jointly acquire United States Steel, while Nippon Steel opposes this and states that it will complete its acquisition plan.
On January 14, according to local time, Japan's Nippon Steel Corporation expressed opposition to the consideration of a joint acquisition of United States Steel by the large American steel company Cleveland-Cliffs and another American steel company, Nucor, and reiterated plans to complete the acquisition of United States Steel. According to reports from U.S. media, informed sources indicated that the proposed plan for these two American companies includes Cleveland-Cliffs acquiring most of the Assets of United States Steel, while Nucor would acquire its small rolling mills and other Assets. However, both parties have not made a final decision yet.
Express News | Nippon Steel: We Will Continue to Do Whatever It Takes to Close Our Deal
Express News | Nippon Steel: What Gonclaves' Words Cannot Mask Is That He Cannot Match the Scope and Scale of Our Plan
Express News | Nippon Steel: Cleveland-Cliffs CEO Gonclaves "Continues to Persist With Biased Stereotypes"
Express News | Nippon Steel: Our Plan Enjoys Overwhelming Support Among Those With the Most at Stake
Express News | Japan Steel Corporation: We remain the only partner capable of ensuring that United States Steel continues running, guarantees blast furnace operation, and protects job opportunities.
Express News | Nippon Steel: Our Commitments Have Been Developed Through Numerous Meetings in the Past Year With Various Stakeholders Including Employees
Express News | Nippon Steel: We Remain the Only Partner for U. S. Steel That Can Keep the Company Intact and the Blast Furnaces Running, Protect Jobs
Cleveland-Cliffs (CLF.US) and Nucor (NUE.US) are competing to acquire United States Steel (X.US).
According to informed sources, Cleveland-Cliffs is collaborating with competitor Nucor to prepare a potential takeover bid for United States Steel.
Cleveland-Cliffs, Nucor Mull Fresh Bid for U.S. Steel -- Update
United States Steel Options Spot-On: On January 13th, 225.56K Contracts Were Traded, With 1.85 Million Open Interest
On January 13th ET, $United States Steel(X.US)$ had active options trading, with a total trading volume of 225.56K options for the day, of which put options accounted for 33.21% of the total
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