Editor's note: This story has been updated with comments from X and Nippon Steel in paragraph six.President Joe Biden announced on Friday his decision to block the $14.9 billion acquisition of United States Steel Corp. X by Japan's Nippon Steel Corp NPSCY, citing foreign ownership would threaten national security and undermine critical supply chains.In a statement released by the White House, Biden emphasized the critical role of steel in supporting the nation's infrastructure, defense, and industrial base. ...

President Joe Biden blocked Japan-based Nippon Steel's $14.9 billion buyout of United States Steel Corp (NYSE:X). Biden highlighted national supply chains risks associated with placing one of the country's biggest steel producers under foreign control. At last glance, X is down 7.9% at $30.01.The shares are on track for their third loss in the last four sessions, extending their 34.5% year-over-year deficit after running into overhead pressure at the 20-day moving average. While a familiar floor at $30 is o ...

President Joe Biden blocked the $14 billion takeover of US Steel by a Japanese rival.The deal would create "risk for our national security and our critical supply chains," the president said.President-elect Trump had also expressed opposition to the Nippon Steel deal.Shares in US Steel fell about 8% in premarket trading on Friday after President Joe Biden blocked a $14 billion takeover by Nippon Steel.Advertisement In a statement, Biden said a committee of national security and trade experts had found that ...

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CLAIRTON, PENNSYLVANIA - MARCH 20: A general view of the exterior of the U.S. Steel Clairton Coke ... [+] Plant, on March 20, 2024 in Clairton, Pennsylvania. Nippon Steel has said that it would relocate its U.S. headquarters from Houston to Pittsburgh, where U.S. Steel (X.N) is located, if their acquisition deal goes through. (Photo by Jeff Swensen/Getty Images)Getty ImagesNever turn down capital when it’s offered to you. The previous axiom is easily as old as business.The wise refuse what’s precious precis ...

Key TakeawaysU.S. Steel said lower prices and the costs of the ramp up of a new factory will negatively impact current-quarter results.The company's outlook for an adjusted loss and adjusted EBITDA were below forecasts.The news came just days before U.S. officials will decide on whether to approve Nippon Steel's purchase of the company, which is opposed by both President Biden and President-elect Trump. U.S. Steel (X) shares fell Friday as the steelmaker gave weaker-than-expected guidance for the current qu ...

Core Insights - The company executed over $4 billion in growth capital investments in Q4, marking a significant milestone in its strategic future [1] - The company anticipates an adjusted loss of between 29 cents and 25 cents per share for Q4 2024, with adjusted EBITDA projected at around $150 million, significantly lower than previous estimates [3][4] Financial Performance - The Flat-Rolled segment's adjusted EBITDA is expected to decline due to reduced selling prices and volumes, alongside maintenance activities [2] - The Mini Mill segment's adjusted EBITDA is also projected to be lower due to decreased volumes [2] - The European segment's adjusted EBITDA is forecasted to decrease due to low demand, resulting in lower volumes and average selling prices [5] Market Conditions - Steel prices remain under pressure, impacting the overall financial performance, particularly in the Big River 2 ramp-up costs [4] - Despite challenges, the North American Flat-Rolled segment continues to generate solid EBITDA due to a strong commercial strategy and diverse product mix [4] Stock Performance - The company's shares have decreased by 34.1% over the past year, compared to a 31% decline in the industry [6] - The company currently holds a Zacks Rank of 3 (Hold) [10]

证券时报网讯，美国总统拜登计划以国家安全为由阻止日本制铁以141亿美元收购美国钢铁公司的交 易。 美国外国投资委员会（CFIUS）正在评估此交易，预计在12月22日或23日前提交决定给拜登。 若交易被阻止，日本制铁和美国钢铁公司准备提起诉讼。 校对：祝甜婷 ...

About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and ...

当地时间12月2日，美国当选总统特朗普在社交平台发文称，反对美国钢铁公司被日本制铁收购。特朗 普称，"作为总统，我将阻止这一交易的发生。" 收购案在美国政界遭到多方阻挠 2023年，日本制铁公司宣布，计划收购有百年历史的美国钢铁公司，将其变成全资子公司。不过，这一 收购案在美国政界遭到多方阻挠。 美国总统拜登今年3月曾表示，反对日本制铁公司收购美国钢铁公司。特朗普也曾于1月底表示反对这项 交易。特朗普担任总统期间在钢铁行业和其他制造业领域采取了激进的保护主义政策。 今年9月17日，负责审查这一收购计划的美国外国投资委员会同意日本制铁公司和美国钢铁公司重新提 交交易批准申请，并将收购方案能否达成的决定日期推迟到11月美国总统大选之后。 据外媒11月26日援引知情人士消息，日本首相石破茂已致信美国总统拜登，请求其批准日本制铁公司收 购美国钢铁公司的计划。（总台记者 张颖哲） ...