
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))