The company's deal to be acquired appears headed for the chopping block.A proposed $15 billion acquisition of U.S. Steel (X) is reportedly set to be blocked by U.S. lawmakers. Investors reacted to the news by heading for the exits, sending U.S. Steel shares down about 20% for the week as of midday Thursday, according to data provided by S&P Global Market Intelligence.No deal?U.S. Steel is the biggest remaining legacy of the nation's Industrial Revolution-era steel industry. The company was put in play last ...

Key TakeawaysPresident Biden reportedly is planning to block the proposed $14 billion acquisition of U.S. Steel by Nippon Steel in Japan.The deal has been investigated by the Committee on Foreign Investment in the United States (CFIUS) for national security concerns.U.S. Steel's CEO warned that plants will close if the deal collapses. President Joe Biden intends to block the proposed $14 billion acquisition of U.S. Steel (X) by Japanese firm Nippon Steel, according to a Washington Post report, causing volat ...

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Key TakeawaysU.S. Steel's CEO said the company would have to close plants and might move its headquarters out of Pittsburgh if the Nippon Steel acquisition falls through.David Burritt told the Wall Street Journal the company needs the planned infusion of cash Nippon has promised.Both leading U.S. presidential candidates have said they oppose the acquisition. 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 billi ...

US Steel’s boss warned that the company would shut down mills and move its headquarters out of Pittsburgh if its planned sale to Nippon Steel is blocked.CEO David Burritt said US Steel is banking on a $3 billion investment from Nippon to survive as part of a nearly $15 billion acquisition. The multi-billion dollar investment will help the steel company avoid making job cuts, he said. 6 US Steel’s CEO said the company would shut down mills and move its headquarters out of Pittsburgh if its planned sale to ...

Key TakeawaysOn a presidential campaign stop in Pittsburgh, Vice President Kamala Harris said she opposes Nippon Steel's acquisition of U.S. Steel.Harris reiterated a statement in March from President Biden arguing that the company should remain in American ownership.U.S. Steel agreed last December to be purchased by Japan's Nippon Steel for $14.9 billion. U.S. Steel (X) shares tumbled Tuesday, a day after Democratic presidential candidate and Vice President Kamala Harris said that she supported the White H ...

United States Steel Corporation (NYSE:X) stock is sliding today, last seen down 3.9% to trade at $36.43. The drop comes after statements from U.S. Vice President Kamala Harris during a Labor Day rally in front of union members in Pittsburgh, Pennsylvania, where she opposed the planned sale of the company to Japan-based Nippon Steel. The Democratic presidential candidate wants the American institution -- the world's first billion dollar corporation -- to remain in domestic hands. The equity has yet to recove ...

文章核心观点 - 美国副总统卡马拉·哈里斯反对日本公司日本钢铁公司收购美国钢铁公司的150亿美元收购案[1][2] - 哈里斯称美国钢铁公司是"历史悠久的美国公司",对于维护强大的美国钢铁公司至关重要[2] - 哈里斯表示美国钢铁公司应该保持美国所有和经营[2] 行业总结 - 美国钢铁行业对于国家安全至关重要[3] - 美国钢铁工人工会领导人赞同哈里斯的立场,认为她理解钢铁行业的重要性[3] 公司总结 - 美国钢铁公司是一家拥有百年历史的标志性美国公司[2] - 日本钢铁公司表示收购美国钢铁公司将振兴美国"钢铁锈带",惠及美国工人、当地社区和国家安全[2] - 日本钢铁公司表示通过公平客观的监管审查过程,将尽快完成此次收购[2]

文章核心观点 - 美国钢铁公司(X)将获得日本钢铁公司的额外项目投资,用于改善其Mon Valley Works和Gary Works两大主要综合资产的生产效率和产品质量,延长这两家工厂的生产寿命[1][2] - 日本钢铁公司将投资至少10亿美元提升Mon Valley Works的竞争力,包括提高产品产量、能源效率、产品质量和整体运营效率,并计划维持Mon Valley Works的长期运营[2] - 日本钢铁公司还将投资约3亿美元翻新Gary Works的14号高炉,预计可延长该设施的使用寿命20年[2] 公司表现 - 美国钢铁公司股价在过去一年内上涨了21.7%,而同行业下跌了17.5%[3] - 美国钢铁公司预计第三季度调整后EBITDA将在2.75-3.25亿美元之间,北美平板轧制业务的业绩将有所下滑,迷你厂业务也将受到较低的现货价格和30亿美元的启动及一次性建设成本的影响[3][4] - 欧洲业务的业绩预计与第二季度持平,管线业务的业绩将因销售价格下降而有所下降[4] 行业其他公司表现 - 卡彭特科技公司(CRS)、埃尔多拉多黄金公司(EGO)和纽蒙特公司(NEM)等基础材料行业中的其他公司表现较好[6][7] - 卡彭特科技公司过去一年股价上涨141.4%,连续4个季度业绩超预期,目前评级为强烓买[6] - 埃尔多拉多黄金公司今年预计每股收益1.35美元,同比增长136.8%,连续4个季度业绩超预期,目前评级为强烓买[6] - 纽蒙特公司今年预计每股收益2.82美元,同比增长75%,过去60天内预测值上调14%,目前评级为强烓买[7]

TOKYO, Aug. 28, 2024 /PRNewswire/ -- Nippon Steel Corporation ("Nippon Steel") (TSE: 5401) today announced additional project investments to be made at Mon Valley Works and Gary Works, as part of its pending acquisition ("Transaction") of United States Steel Corporation ("U. S. Steel") (NYSE: X).The investments announced today are major growth investments and represent additional capital spending that will extend the production life of two of U. S. Steel's critical integrated assets and enhance the security ...