Latest news with #UnitedStatesSteelCorporation
Business Insider
24-05-2025
- Business
- Business Insider
U.S. Steel makes statement on President Trump
United States Steel Corporation issued the following statement: 'President Trump is a bold leader and businessman who knows how to get the best deal for America, American workers and American manufacturing. U. S. Steel will remain American, and we will grow bigger and stronger through a partnership with Nippon Steel that brings massive investment, new technologies and thousands of jobs over the next four years. U. S. Steel greatly appreciates President Trump's leadership and personal attention to the futures of thousands of steelworkers and our iconic company.' Confident Investing Starts Here:
Yahoo
23-05-2025
- Business
- Yahoo
U. S. Steel Statement on President Trump's Leadership
PITTSBURGH, May 23, 2025--(BUSINESS WIRE)--United States Steel Corporation (NYSE: X) ("U. S. Steel") today issued the following statement: President Trump is a bold leader and businessman who knows how to get the best deal for America, American workers and American manufacturing. U. S. Steel will remain American, and we will grow bigger and stronger through a partnership with Nippon Steel that brings massive investment, new technologies and thousands of jobs over the next four years. U. S. Steel greatly appreciates President Trump's leadership and personal attention to the futures of thousands of steelworkers and our iconic company. About U. S. Steel Founded in 1901, U. S. Steel delivers profitable and sustainable steel solutions. Propelled by its talented employees and an unwavering focus on safety, U. S. Steel serves the automotive, construction, appliance, energy, containers, and packaging industries with high value-added steel products. Steel production begins with our competitively advantaged iron ore production capabilities which fuel our integrated steelmaking facilities and investments in electric arc furnaces. To help our customers create the best products with the fewest emissions, we are committed to reaching net-zero greenhouse gas emissions by 2050. U. S. Steel is at the forefront of creating steels that are stronger, lighter, and better for the environment. This includes our proprietary XG3® advanced high-strength steel, verdeX® steel produced with 70-80% lower CO2 emissions with a recycled content of up to 90%, and ultra-thin lightweight InduX™ steel for electric vehicles, generators, and transformers. U. S. Steel maintains operations across the United States and in Central Europe and is headquartered in Pittsburgh, Pennsylvania. For more information, please visit and follow U. S. Steel on LinkedIn, Instagram, Facebook, and X. View source version on Contacts Corporate CommunicationsT – (412) 433-1300E – media@
Business Wire
23-05-2025
- Business
- Business Wire
U. S. Steel Statement on President Trump's Leadership
PITTSBURGH--(BUSINESS WIRE)--United States Steel Corporation (NYSE: X) ('U. S. Steel') today issued the following statement: President Trump is a bold leader and businessman who knows how to get the best deal for America, American workers and American manufacturing. U. S. Steel will remain American, and we will grow bigger and stronger through a partnership with Nippon Steel that brings massive investment, new technologies and thousands of jobs over the next four years. U. S. Steel greatly appreciates President Trump's leadership and personal attention to the futures of thousands of steelworkers and our iconic company. About U. S. Steel Founded in 1901, U. S. Steel delivers profitable and sustainable steel solutions. Propelled by its talented employees and an unwavering focus on safety, U. S. Steel serves the automotive, construction, appliance, energy, containers, and packaging industries with high value-added steel products. Steel production begins with our competitively advantaged iron ore production capabilities which fuel our integrated steelmaking facilities and investments in electric arc furnaces. To help our customers create the best products with the fewest emissions, we are committed to reaching net-zero greenhouse gas emissions by 2050. U. S. Steel is at the forefront of creating steels that are stronger, lighter, and better for the environment. This includes our proprietary XG3® advanced high-strength steel, verdeX® steel produced with 70-80% lower CO2 emissions with a recycled content of up to 90%, and ultra-thin lightweight InduX™ steel for electric vehicles, generators, and transformers. U. S. Steel maintains operations across the United States and in Central Europe and is headquartered in Pittsburgh, Pennsylvania. For more information, please visit and follow U. S. Steel on LinkedIn, Instagram, Facebook, and X.
Yahoo
23-05-2025
- Business
- Yahoo
Nippon Steel Remains Committed to Complete U.S. Steel Takeover
Nippon Steel Corporation (OTC:NPSCY) of Japan is still determined to buy out United States Steel Corporation (NYSE:X) in its entirety, even in the face of regulatory scrutiny. The business's plan was verified by Vice Chairman Takahiro Mori before the May 21 deadline for the CFIUS's updated national security review, which is overseen by U.S. Treasury Secretary Scott Bessent. Former President Joe Biden has already opposed the $15 billion agreement on national security concerns. Nonetheless, in April, President Donald Trump directed CFIUS to reconsider the merger, with a final ruling anticipated by June 5. An aerial view of an industrial plant manufacturing welded pipes and tubes from stainless steel and galvanized carbon. Mori maintained that "there is no free technology" and that Nippon Steel Corporation (OTC:NPSCY) could only share its core technology with United States Steel Corporation (NYSE:X) through complete ownership, not a joint venture. The business is trying to meet with Bessent to assess Trump's stance. If the deal goes through, Nippon Steel Corporation (OTC:NPSCY) intends to invest $14 billion in United States Steel Corporation (NYSE:X)'s operations, including $4 billion for a new mill. The firm wants to keep the integrated structure, name, and headquarters of United States Steel Corporation (NYSE:X). A majority of Americans and three independent directors chosen by CFIUS would be on the reorganized board to handle national security issues. By March 2026, Nippon Steel Corporation (OTC:NPSCY) anticipates a 43% decline in net profit as a result of U.S. tariffs and pressure on steel prices globally. While we acknowledge the potential of X to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than X and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: and .
Yahoo
22-05-2025
- Business
- Yahoo
Nippon Steel Remains Committed to Complete U.S. Steel Takeover
Nippon Steel Corporation (OTC:NPSCY) of Japan is still determined to buy out United States Steel Corporation (NYSE:X) in its entirety, even in the face of regulatory scrutiny. The business's plan was verified by Vice Chairman Takahiro Mori before the May 21 deadline for the CFIUS's updated national security review, which is overseen by U.S. Treasury Secretary Scott Bessent. Former President Joe Biden has already opposed the $15 billion agreement on national security concerns. Nonetheless, in April, President Donald Trump directed CFIUS to reconsider the merger, with a final ruling anticipated by June 5. An aerial view of an industrial plant manufacturing welded pipes and tubes from stainless steel and galvanized carbon. Mori maintained that "there is no free technology" and that Nippon Steel Corporation (OTC:NPSCY) could only share its core technology with United States Steel Corporation (NYSE:X) through complete ownership, not a joint venture. The business is trying to meet with Bessent to assess Trump's stance. If the deal goes through, Nippon Steel Corporation (OTC:NPSCY) intends to invest $14 billion in United States Steel Corporation (NYSE:X)'s operations, including $4 billion for a new mill. The firm wants to keep the integrated structure, name, and headquarters of United States Steel Corporation (NYSE:X). A majority of Americans and three independent directors chosen by CFIUS would be on the reorganized board to handle national security issues. By March 2026, Nippon Steel Corporation (OTC:NPSCY) anticipates a 43% decline in net profit as a result of U.S. tariffs and pressure on steel prices globally. While we acknowledge the potential of X to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than X and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: and .
