The onetime dynamo is fighting to revive a takeover by Nippon Steel. Other tie-ups could also face obstacles, and going it alone could force cutbacks.

A dramatic improvement in the prospects for United States Steel (NYSE: X) being sold to a foreign buyer led to a rally in the stock on the last trading day of the year. The storied industrial stock closed Tuesday nearly 10% higher in price on the back of the news.

The rise of U.S. Steel, a storied American company, runs parallel to the arrival of America on the world stage. With roots dating to the late 19th century, U.S. Steel has produced the materials used for everything from the nation's bridges and skyscrapers, to its tanks and battleships.

Trump opposes U.S. Steel's sale to Nippon, but CEO David Burritt believes he can convince the president-elect that the deal is in the interest of U.S. workers.

Nippon Steel said it wouldn't be deterred by Biden’s decision last week to block its $15 billion bid for the storied U.S. steelmaker.

There are two separate lawsuits, including one against rival Cleveland-Cliffs and the president of United Steelworkers.

United States Steel’s earnings and margins decline in 2024. Learn why X stock is slightly overvalued at $30, with a fair value of $25 per share.

They also filed a lawsuit in federal court in Pittsburgh against rival steelmaker Cleveland-Cliffs Inc. and CEO Lourenco Goncalves, as well as United Steelworkers President David McCall, alleging coordinated anticompetitive and racketeering activities designed to allow only Cliffs to acquire U.S. Steel.

Dec. 23 — The Committee on Foreign Investment in the United States fails to reach agreement on whether the Nippon Steel/U.S. Steel combination will impact national security. The decision is ...

Japan-based Nippon Steel's $14.9 billion deal for its U.S. peer hangs in the balance, following objections from the Treasury Department's Committee on Foreign Investment in the United States (CFIUS).

United States Steel Corp. CEO David Burritt in an interview with CNBC appealed to President-elect Donald Trump to rescue the company's $14.9 billion acquisition by Nippon Steel Corp.