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REFILE-BUZZ-U.S. Steel rises after report says Cleveland-Cliffs and Nucor may bid for co

ReutersJan 13, 2025 4:23 PM

Corrects typo in headline to say U.S. Steel

** Shares of United States Steel X.N rises 7.7% to $36.89 in morning trade

** Rival Cleveland-Cliffs CLF.N is partnering with peer Nucor NUE.N to prepare a potential bid for co, CNBC reports

** President Joe Biden blocked the $14.9 billion acquisition of the company by Nippon Steel 5401.T on national security grounds earlier this month

** Last week, co and Nippon sued the Biden administration over the decision

** Biden administration delayed enforcement of order until June

** Including session's move, shares up ~8.7% YTD

(Reporting by Rupali Chaudhary in Bengaluru)

((Rupali.Chaudhary@thomsonreuters.com))

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