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The Latest Breaking News from US Steel

Trump Vows To Block US Steel Acquisition By Nippon Steel

President-elect Trump opposes Nippon Steel's acquisition of US Steel, emphasizing protection of American interests and industry.

Top News

Nucor, Steel Stocks Rise On Goldman Call, Tariff Hopes

Nucor stock and Cleveland-Cliffs rallied as prospects for U.S. steel companies brighten following the election of Donald Trump.

Investors Business Daily

5 stalled mega mergers that could get a green light under Trump

Biden's aggressive antitrust enforcers stood in the way of deals involving names like Intel, Kroger and U.S. Steel.

Fortune

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Nippon Steel Makes Anti-Import Vow To Save US Steel Deal Amid New Tariffs

The Japanese steelmaker aims to complete the takeover of United States Steel Corp before President-elect Donald Trump, who had vowed to block the acquisition during his campaign, assumes office in January.

International Business Times

Trump's first year as President looked like a home run for business. Then things got complicated

What happened last time around is a warning for investors, business leaders, and the incoming Trump administration.

Fortune

Yes, Bidenomics is working here in Pennsylvania. But maybe not enough to win the White House

As a steelworker, I know how hard people are struggling – and I fear that next week they may fall for Trump’s simple answers, says local mayor JoJo Burgess

The Guardian - UK

Here’s why the United Steelworkers oppose Nippon’s takeover of U.S. Steel

'When U.S. Steel CEO David Burritt declares how good the Nippon deal will be for workers, I’m not going to take him at his word,' writes USW's David McCall.

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Pennsylvania steel workers, wooed by Harris and Trump, remain skeptical

The future of US Steel hangs in the balance amid a proposed sale to Japan’s Nippon, which both candidates have vowed to block

The Guardian - US

US Steel CEO Says Sale To Nippon Must For Company To Succeed, Save Jobs

Dismissing national security concerns, David Burritt said once the deal is finalized, the Japanese company will have to abide by U.S. trade laws. He added that the board will predominantly consist of U.S. citizens overseeing operations.

Latin Times

US Steel CEO Says Sale To Nippon Must Happen For Company To Succeed, Save Jobs

International Business Times

How U.S. Steel's long, painful decline turned into a political lightning rod

Unions, Japanese takeovers, and Pennsylvania have all conspired to make the proposed deal for U.S. Steel a hot election year issue.

Fortune

Decision on US Steel takeover by Nippon delayed until after election

The Biden administration granted the request of Nippon Steel for an extended review on the planned takeover of U.S. Steel.

International Business Times

Businesses Warn Yellen On 'Political Pressure' Over US Steel Sale

Major Japanese and American business groups have urged US Treasury Secretary Janet Yellen not to succumb to political pressure when reviewing Nippon Steel's proposed acquisition of United States Steel.

International Business Times

President Biden's Decision On Nippon Steel Deal Impacting Union Workers

Senator Fetterman stands with union workers in steel deal blockage, emphasizing their welfare and voices.

Top News

White House Signals Openness To Blocking U.S. Steel Acquisition

The White House considers blocking Nippon Steel's acquisition of U.S. Steel amid national security concerns and opposition from key figures.

Fortune

Washington attacks on Nippon’s bid for U.S. Steel puts ally Japan’s spot in ‘friends and family list’ into doubt

“If the U.S. draws up a friends and family list and Japan is not on that list, then I’d question [what country] would make that list.”

International Business Times

Biden Expected To Block Nippon Steel Deal; US Steel Shares Plunge

Amid the ongoing issue, U.S. Steel CEO David Burritt warned that if the acquisition isn't pushed through, thousands of U.S. union jobs could be at risk.

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International Business Times

Harris Gears Up For Debate As Trump Talks Economy

Vice President Kamala Harris travels to the crucial battleground state of Pennsylvania on Thursday, where she will reportedly spend five days preparing for next week's presidential debate.

Reason

Leave U.S. Steel Alone

Joe Biden, Donald Trump, Kamala Harris, and J.D. Vance agree that U.S. Steel needs to be controlled from Washington. They are all wrong.

International Business Times

US Steel Warns Plants Could Close Without Nippon Sale

United States Steel warned Wednesday it could shut its headquarters and factories in Pennsylvania, a key swing state in the upcoming election, if a takeover by Japan's Nippon Steel is blocked.

International Business Times

Nippon Steel Ensures U.S. Leadership In Proposed U.S. Steel Takeover

Nippon Steel revealed that majority of the board of directors of U.S. Steel will be Americans in case the deal pushes through.

Barchart

Stocks Close Sharply Lower as Chipmakers and Energy Stocks Plunge

The S&P 500 Index ($SPX ) (SPY ) Tuesday closed down -2.12%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -1.51%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -3.15%. Stocks sold off sharply on Tuesday, with the S&P 500 posting a 2-week low...

Barchart

Stocks Slump on Weakness in Chipmakers and Energy Stocks

The S&P 500 Index ($SPX ) (SPY ) today is down -1.52%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -1.15%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -2.28%. Stocks today are sharply lower, with the Nasdaq 100 sliding to a 2-1/2 week...

Barchart

Stocks Decline Ahead of US Manufacturing News

The S&P 500 Index ($SPX ) (SPY ) today is down -0.76%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.54%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -1.16%. Stocks today are moderately lower as they await fresh US economic news that will...

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