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The Latest Breaking News from US Steel

Harris To Call For US Steel To Remain In American Hands

The position would mirror that of President Joe Biden, who opposes a plan for the iconic company to be bought by Japan's Nippon Steel for $14.9 billion.

International Business Times

Kamala Harris will say US Steel should not be sold to Japan

US Steel said that it remained committed to a proposed deal with Nippon Steel.

Fortune

Biden to join Harris on campaign trail for first time since dropping out of race

Pair due to appear together in Pittsburgh in vital swing state of Pennsylvania, aimed at cementing support from unions

The Guardian - US

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Nippon Steel Increases Capital Commitment For U.S. Steel Acquisition

Nippon Steel increases capital commitment by Nippon Steel Increases Capital Commitment For U.S. Steel Acquisition.3 billion to upgrade U.S. Steel plants amidst opposition. Political and labor groups express concerns over ...

Top News

Revisiting 3 Stocks With Unusually Active Options From August 2023

On Aug. 18, 2023, I recommended three stocks with unusually active options worth considering. Nearly one year later, I'll revisit those stocks looking for new opportunities to profit from the three of them.

Barchart

U.S. Steel's Potential Sale To Nippon Steel Sparks Political Turmoil

The potential acquisition of U.S. Steel by Nippon Steel Corp. sparks debates in Pittsburgh, reflecting changing priorities and concerns about the steel ind...

Top News

Sale of US Steel kicks up a political storm, but Pittsburgh isn't Steeltown USA anymore

Pittsburgh's most storied steel company, U.S. Steel, is on the cusp of being bought by Japanese steelmaker Nippon Steel Corp. in a deal that's kicking up an election year political maelstrom

The Independent UK

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Can Donald Trump Make U.S. Steel Corporation Great – Yet Again?

Nippon's acquisition of U.S. Steel Corporation is facing regulatory scrutiny, as well as political opposition. Can Trump, whose steel tariffs helped spur investments in the U.S. steel industry, make X great again by not opposing the acquisition?

Barchart

Nippon Steel Fight Points To Industry's Uncertain Future In Pennsylvania

Nippon Steel's proposed acquisition of United States Steel has been a source of unease in Pittsburgh, where the metal once dominated the economy and still looms large in the collective psyche.

International Business Times

Biden, Trump Battle For Blue-collar Voters As Steel Merger Looms

Working class voters in Rust Belt cities like Pittsburgh used to favor Democrats overwhelmingly, but years of economic hardship and the rise of social issues favoring Republicans have made them a swing constituency again in 2024.

International Business Times

US Steel To Be Sold To Japanese Rival In B Deal

Trump's tariffs did not save the American steel industry as challenges persist, exemplified by US Steel's sale to a Japanese competitor.

Top News

New US rules aim to crack down on toxic air pollution by steelmakers

Rules target contaminants such as mercury, benzene and lead released by coke ovens used by facilities to burn coal

The Guardian - US

EU Approves .9B Nippon Steel Acquisition Of U.S. Steel

EU approval of Nippon Steel's .9 billion acquisition of U.S. Steel enhances global steel industry competition.

Top News

EU Clears Nippon Buyout Of US Steel Opposed By Biden

The European Union on Monday approved the $14 billion takeover of major American manufacturer US Steel by Japan's Nippon Steel, which US President Joe Biden has opposed.

International Business Times

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International Business Times

Nippon Steel's Acquisition Of US Steel Faces Delay Amid DOJ Inquiry

Initially slated for the second or third quarter of 2024, the closure is now tentatively aimed for the third or fourth quarter.

Top News

U.S. Steel-Nippon Steel Deal Security Review Proceeds Normally

White House confirms security review of U.S. Steel-Nippon Steel deal amid concerns about national security and domestic steel industry implications.

Investors Business Daily

Steel Stocks Find Support With Earnings, Tariffs, Mergers In The Mix

Nucor and Steel Dynamics have pulled back to their 50-day moving average with first-quarter earnings due next week.

International Business Times

Biden Targets 'Cheating' China On Trip To US Steel Heartland

US President Joe Biden called for a hike in steel tariffs on "cheating" China Wednesday as he courted blue-collar voters on an election campaign trip to the battleground state of Pennsylvania.

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The Guardian - US

Biden to triple taxes on Chinese steel and block Japanese takeover of US Steel

President touted plan during speech on Wednesday in Pennsylvania, where union support could prove crucial

Reason

Biden's Call for More Steel Tariffs Is Economically Ineffective Political Pandering

If higher tariffs were the solution to anything, wouldn't there be evidence of that by now?

Top News

U.S. Steel Shareholders Approve .1 Billion Sale To Nippon

U.S. Steel shareholders approve .1 billion acquisition by Nippon Steel, sparking concerns and differing views from President Biden and Japanese Prime Mi...

Reason

J.D. Vance Thinks U.S. Steel's Shareholders Weren't Adequately Warned of J.D. Vance's Efforts To Block Sale

Vance's latest gambit is pretty nonsensical, intellectually embarrassing, and obviously self-serving. But that doesn't mean that it's not dangerous too.

WEKU

Biden is hosting Japan's Kishida. But the Nippon Steel deal is not on the agenda

President BIden and Japanese Prime Minister Fumio Kishida Fumio announced efforts to strengthen military ties, as well as collaborations on space exploration and artificial intelligence.

Roll Call

Japan’s Kishida to address Congress as its military role expands - Roll Call

Japanese Prime Minister Kashida will address Congress Thursday as the U.S. looks to Tokyo to take on a greater military role in Asia.

International Business Times

First US-Japan-Philippines Summit To Boost Defence Ties

The leaders of Japan and the Philippines head to Washington this week for a first trilateral summit aimed at boosting defence ties, hot on the heels of four-way military drills in the South China Sea that riled Beijing.

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