United States Steel ( (X) ) has shared an update.
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United States Steel Corporation and Nippon Steel have initiated legal proceedings following the blocking of their merger by President Biden. The lawsuits challenge the legality of the President’s executive order and allege anticompetitive conduct by Cleveland-Cliffs. The companies argue that the merger would benefit the U.S. steel industry, and they are seeking judicial intervention to proceed with the transaction, promising substantial financial returns for stakeholders.
More about United States Steel
United States Steel Corporation is a major player in the steel manufacturing industry, focusing on the production of steel and related products. Its market focus includes revitalizing communities reliant on American steel, bolstering the American steel supply chain, and strengthening the domestic steel industry against external threats.
YTD Price Performance: -6.53%
Average Trading Volume: 5,473,892
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $6.86B
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