tradingkey.logo

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))

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Related Articles

KeyAI