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United States Steel Newsroom
Express News | Bessent: China Is in a Severe Recession/Depression and Is Trying to Export Its Way Out of It
Express News | Bessent: Tariffs Can Be Used for Negotiations, Sanctions Have Been Over-Used
Express News | Bessent: If Confirmed Would Begin Pushing for China to Adhere to Purchase Commitments Under Trump's Phase 1 Trade Deal
Express News | Trump's Treasury Secretary nominee, Bentsen, publicly opposed the Trade between Japan's steel production and United States Steel.
Express News | Trump's nominee for Treasury Secretary, Bensent: (referring to the acquisition of United States Steel by Nippon Steel) if Nippon Steel's Trade returns to CFIUS, it will be reviewed.
Express News | Trump Treasury Pick Bessent: If U.S. Steel-Nippon Steel Merger Returns to Cfius Review, Panel Will Conduct Same Review as It Always Does
Express News | Bessent: Treasury Would Be Hard Pressed to Borrow Heavily to Fight a Crisis
Express News | Bessent: We Do Not Have a Revenue Problem in America, We Have a Spending Problem
Express News | Bessent: U.S. Clean Energy Spending Is 'wildly Out of Control' on the Upside
Express News | Bessent: All Tax Code Changes Involve Trade-Offs and Distortions
Express News | Trump's U.S. Treasury Pick Scott Bessent Says Disagrees That Tariffs Will Be Paid for by Workers and Small Businesses -U.S. Senate Confirmation Hearing
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.