United States Steel to be bought by Japan's Nippon Steel for $55 per share

From NASDAQ.: 2025-03-01 18:41:00

United States Steel (NYSE: X) has agreed to be bought by Japan’s Nippon Steel for $55 per share, offering potential upside as the stock is currently trading at around $38 per share. Other suitors like Nucor and Cleveland-Cliffs could also make offers. However, the acquisition faces political hurdles, making the outcome uncertain. U.S. Steel primarily uses blast furnaces to produce steel, leading to volatile financial results. While attempting to diversify with electric arc mini-mills, the stock remains risky. Investors should carefully consider the complex merger situation before deciding to buy, sell, or hold U.S. Steel.



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