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United States Steel Stock News

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At Close: Sep 19, 2025
Nippon Steel Corp has not received any update from the Committee on Foreign Investment in the United States (CFIUS) regarding the company's proposed $14.9 billion acquisition of U.S. Steel , the Japan

Biden Expected to Block U.S. Steel Takeover

04:19pm, Wednesday, 04'th Sep 2024
The Committee on Foreign Investment in the United States is expected to raise national security concerns about selling the iconic steel producer to Japan's Nippon Steel.
US Steel CEO David Burritt warned the company would likely shutter steel mills if the federal government stepped in to derail the merger.
President Joe Biden will soon block Japan-based Nippon Steel's planned $14.9 billion takeover of U.S. Steel, according to multiple outlets, sending the 123-year-old American company's stock reeling mo
U.S. Steel shares drop more than 15% on report White House preparing to block Nippon Steel takeover
U.S. President Joe Biden is preparing to block Nippon Steel's acquisition of U.S. Steel, the Washington Post reported on Wednesday, citing three unnamed sources.
U.S. Steel's CEO is warning that the failure of its planned sale to Nippon Steel would lead to the closure of steel mills that would be modernized if the deal proceeds.
The CEO of U.S. Steel (X) warned that the company would have to close steel plants and likely move its headquarters from Pittsburgh if the $14.9 billion purchase of the company by Nippon Steel doesn't
CEO David Burritt said US Steel is banking on a $3 billion investment from Nippon to survive.
CEO David Burritt says his company faces plant closures and a smaller future if Nippon Steel isn't allowed to buy the business.
Chief Executive David Burritt says U.S. Steel needs $3 billion in upgrades to compete.

Jobs, the yen and US steel

01:13pm, Tuesday, 03'rd Sep 2024
Jobs, jobless and JOLTS reports come out this week, the yen strengthens and Kamala Harris says US steel should stay American-owned. Manus Cranny reports.
U.S. Steel (X) shares tumbled Tuesday, a day after Democratic presidential candidate and Vice President Kamala Harris said that she supported the White House stance against Japan's Nippon Steel purcha
United States Steel Corporation (NYSE:X) stock is sliding today, last seen down 3.9% to trade at $36.43.
CNBC's Joe Kernen reports on the latest news.
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