Core Viewpoint - The analysis compares Posco (PKX) and United States Steel (X) to determine which stock represents a better undervalued investment opportunity for investors in the Steel - Producers sector [1]. Valuation Metrics - Posco (PKX) has a forward P/E ratio of 11.10, significantly lower than United States Steel (X) which has a forward P/E of 26.45 [5]. - PKX's PEG ratio is 0.30, indicating a more favorable valuation compared to X's PEG ratio of 1.31 [5]. - PKX's P/B ratio stands at 0.30, while X has a P/B ratio of 0.86, suggesting that PKX is undervalued relative to its book value [6]. - Based on these metrics, PKX holds a Value grade of A, whereas X has a Value grade of C [6]. Earnings Outlook - PKX is currently experiencing an improving earnings outlook, which enhances its attractiveness in the Zacks Rank model [7]. - The positive earnings estimate revisions for PKX indicate a stronger potential for earnings growth compared to X, which is rated as Hold [3][7].

日本钢铁总裁：我们计划中的收购将使美国钢铁公司通过我们的投资和最新技术保持竞争力，希望美国 总统特朗普批准这笔交易。 ...

特朗普的决策将左右收购案的走向（REUTERS） 美国外国投资委员会（CFIUS）对日本制铁收购美国钢铁的重新审查预计于5月21日结束。在CFIUS向 特朗普汇报后，特朗普将在15天内做出决定。日本制铁已向美国政府打出了大幅增加对美设备投资这张 王牌…… 围绕日本制铁收购美国钢铁（US Steel）的计划，美国政府的重新审查已进入需由总统特朗 普做出最终决定的阶段。预计相关部门将在完成审查后，向特朗普汇报意见。焦点在于特朗 普是否认可日铁不断增加的收购条件有助于复兴美国制造业。 特朗普4月7日命令美国政府在45天内对日铁的收购计划进行重新审查。美国外国投资委员会 （CFIUS）将在完成审查后，向特朗普汇报审查内容。汇报后，特朗普将在15天内做出决 定。 同样在2024年12月，日铁向美国方面提出了一个提案，承诺在收购完成后的10年内未经 CFIUS批准不会关闭美国钢铁的设施，且维持现有产能。但就在此后拜登发布了停止收购的命 令。 日本经济新闻（中文版：日经中文网）八十岛绫平 华盛顿报道 版权声明：日本经济新闻社版权所有，未经授权不得转载或部分复制，违者必究。 对于特朗普来说，没有理由不欢迎外资增加投资。他以振 ...

Core Viewpoint - United States Steel is no longer the industry leader it once was, with Nucor and Steel Dynamics expected to be worth more in five years [1] Company Overview - United States Steel primarily produces steel using blast furnaces, an older technology that requires high utilization rates to be profitable [2] - The company has diversified its production processes but still faces challenges during industry downturns when demand and prices are low [4] Competitive Landscape - Nucor and Steel Dynamics utilize electric arc mini-mills, which are more flexible and have better profit margins throughout the steel cycle compared to blast furnaces [4][5] - US Steel is currently "in play" for a potential buyout by Nippon Steel, but the outcome is uncertain, and other suitors are also interested [6][7] Growth Strategies - Nucor is focused on investing in new facilities and expanding into higher-margin steel parts businesses, maintaining a steady growth trajectory [8] - Steel Dynamics has a more aggressive growth plan, also investing in new facilities and expanding into the aluminum sector, with a notable 10-year annualized dividend growth rate of over 10% [9][10] Investment Recommendation - The steel industry is currently facing economic uncertainty, but long-term investors are advised to consider Nucor and Steel Dynamics as they are likely to outperform US Steel in the coming years [11]

Core Viewpoint - Japan's Nippon Steel is pushing for the acquisition of U.S. Steel by proposing a significant increase in investment, contingent upon approval from the Trump administration [1][2] Group 1: Acquisition Plans - Nippon Steel has proposed a production-related investment of up to $14 billion (approximately 2 trillion yen) to enhance U.S. Steel's domestic capacity, including a new steel plant with a maximum investment of $4 billion [2] - The investment plan aims to inject $11 billion before 2028, which was not part of the initial acquisition strategy [2] - The U.S. government, through the Committee on Foreign Investment in the United States (CFIUS), is reviewing the acquisition for national security concerns, with a deadline for the review set for May 21 [1] Group 2: Strategic Intent - Nippon Steel's executives emphasize that significant investment is necessary to revive U.S. manufacturing, aligning with Trump's tariff policies [1] - The company insists that it cannot make substantial investments unless it becomes a 100% subsidiary of U.S. Steel, indicating a strong commitment to the acquisition [1]

美国钢铁公司（X）股价短线跳水将近1美元，日内整体转而跌超1.8% 据路透报道，日本制铁（新日铁）将在美国总统特朗普批准（收购）交易的情况下对美国钢铁公司（X）投资 140亿美元。 ...

Mori将与特朗普政府讨论日本制铁和美国钢铁公司（X）之间的合并交易。（Semafor） 日本制铁（新日铁）高管Mori将前往美国华盛顿，会见特朗普政府的官员们。 ...

日本制钢公司总裁：我们仍然相信收购美国钢铁公司不会对美国国家安全构成任何风险。 ...

日本制钢公司总裁：我们对计划收购美国钢铁公司的立场保持不变，坚持所有权益是与美国政府谈判的 起点。 ...

Core Viewpoint - Investors in the Steel - Producers sector should consider Posco (PKX) and United States Steel (X) for potential value investment opportunities [1] Group 1: Zacks Rank and Value Scores - Posco has a Zacks Rank of 2 (Buy), indicating a more favorable earnings estimate revision trend compared to United States Steel, which has a Zacks Rank of 3 (Hold) [3] - The Zacks Rank strategy focuses on companies with positive earnings estimate revisions, while the Style Scores system evaluates companies based on specific traits [2] Group 2: Valuation Metrics - Posco's forward P/E ratio is 12.05, significantly lower than United States Steel's forward P/E of 26.61, suggesting that PKX may be undervalued [5] - Posco has a PEG ratio of 0.33, while United States Steel has a PEG ratio of 1.31, indicating that PKX is expected to grow earnings at a more favorable rate relative to its price [5] - Posco's P/B ratio is 0.33, compared to United States Steel's P/B of 0.84, further supporting the notion that PKX is undervalued [6] Group 3: Overall Assessment - Posco's improving earnings outlook and favorable valuation metrics suggest it is the superior value option compared to United States Steel [7]