日本制铁与美国政府签订了国家安全协议，美国钢铁公司将向美国政府发行一股黄金股。 ...

日本制铁：大多数美国钢铁公司董事会成员将是美国公民。 ...

市场消息：日本制铁与美国钢铁公司达成合作伙伴关系的最终协议。 ...

穆迪可能会上调美国钢铁公司（X）的评级，6月17日美股盘后将其评级置于上调评估清单。 确认该公司评级在B1。 ...

Core Viewpoint - United States Steel is experiencing significant short interest, indicating bearish sentiment among traders, while the stock is trading near a 52-week high, suggesting potential opportunities for investors [4][7]. Group 1: Stock Performance and Market Sentiment - United States Steel stock has seen a 19.6% increase in short interest over the past month, indicating a strong belief among bearish traders that the stock will decline [4]. - The current short positions amount to approximately $1.2 billion, presenting a substantial challenge for potential buyers [5]. - Despite bearish sentiment, the stock is trading near a new 52-week high, which raises questions about the validity of the bearish outlook [7]. Group 2: Strategic Developments - President Trump has authorized the sale of United States Steel to Japanese steelmaker Nippon Steel, contingent on a national security disclosure agreement, which could alleviate previous concerns about the deal [8]. - The finalization of this deal remains uncertain, leaving investors unsure of the potential sale price for United States Steel [9]. Group 3: Analyst Ratings and Forecasts - The 12-month stock price forecast for United States Steel is $43.80, indicating a potential downside of 20.10% from the current price of $54.81 [10]. - Institutional investors, such as Dimensional Fund Advisors, have increased their stakes in United States Steel by 7.3%, suggesting confidence in the stock's future performance [11]. - The stock currently has a high P/E ratio of 36.8x compared to the industry average of 18.0x, indicating that the market may be willing to pay a premium for perceived future outperformance [13].

Group 1 - United States Steel (X) shares increased by 5.1% to close at $54.85, with a notable volume of shares traded, reflecting a 29.3% gain over the past four weeks [1][2] - The rally in U.S. Steel's shares followed President Trump's approval of its partnership with Nippon Steel, which included a National Security Agreement (NSA) involving approximately $11 billion in new investments by 2028 [2] - U.S. Steel is projected to report quarterly earnings of $0.41 per share, indicating a year-over-year decline of 51.2%, with expected revenues of $4.07 billion, down 1.1% from the previous year [3] Group 2 - The consensus EPS estimate for U.S. Steel has been revised 1.1% higher in the last 30 days, suggesting a potential for price appreciation [4] - U.S. Steel holds a Zacks Rank of 3 (Hold), indicating a neutral outlook within the Zacks Steel - Producers industry [5] - ArcelorMittal, another company in the same industry, closed 2.9% higher at $30.99, with a consensus EPS estimate of $1.11, reflecting a year-over-year increase of 76.2% [5][6]

2025年6月15日摩根士丹利发布研报，对美国钢铁(X.US)与日本新日铁合并一事进行了深入剖析。 回望过去，特朗普于2024年2月初在日本首相石破茂的联合新闻发布会上暗示新日铁可能不会收购美国 钢铁，而是进行投资。3月下旬，新日铁将承诺投资增加70亿美元，加上此前商定的50亿美元初始购买 价格。 4 月7日，特朗普重启CFIUS审查流程，要求委员会在45天内提出建议。5月17日，新日铁将承诺投资额 翻倍至140亿美元，包括新建一座绿地钢铁厂。5月23日，特朗普宣布允许美国钢铁与新日铁推进"计划 中的合作伙伴关系"，并将钢铁关税从25%提高到50%。 新日铁收购美国钢铁或加剧扁钢市场竞争 摩根士丹利认为，尽管白宫批准声明和公司新闻稿措辞谨慎，未明确提及支付给美国钢铁股东的55美 元/股款项，但仍预计合并将按原合并协议在无重大变化的情况下完成。合并后，美国钢铁市场将新增 一个更强大的全球竞争对手，特别是新日铁承诺投资美国钢铁现有基础设施并新建绿地钢铁厂，这将使 美国扁钢市场竞争加剧，摩根士丹利预计美国钢铁生产商Cleveland-Cliffs(CLF.US)将受到较大冲击。 摩根士丹利2025年年底对美国钢铁的 ...

Core Viewpoint - The acquisition of U.S. Steel by Nippon Steel has been conditionally approved by the Trump administration, marking a significant development in U.S.-Japan steel industry cooperation, despite ongoing concerns regarding national security and the implications for future investments by Japanese companies in the U.S. [1][2] Group 1: Acquisition Approval - Nippon Steel's acquisition of U.S. Steel received conditional approval after President Trump signed an executive order, indicating that the national security threat posed by the acquisition could be sufficiently mitigated [1]. - The approval is contingent upon Nippon Steel and U.S. Steel signing a National Security Agreement (NSA) with the U.S. government, which includes commitments to governance structures and operational assurances [4]. Group 2: Economic Impact - The partnership is expected to bring unprecedented investment to the U.S. steel industry, potentially creating and protecting over 100,000 jobs [4]. - Nippon Steel plans to invest approximately $11 billion in the U.S. by 2028, which raises concerns about the company's future profitability given that this investment represents nearly all of its projected operating profit of $1.4 billion for the 2025 fiscal year [5]. Group 3: Challenges and Risks - The lack of clarity regarding what constitutes "national security" poses a challenge for future Japanese investments in the U.S. market, as similar acquisitions may face scrutiny [2]. - Historical context indicates that previous Japanese investments in the U.S. steel sector have not yielded successful outcomes, raising questions about the viability of Nippon Steel's strategy [5]. - The ongoing trade tensions, including potential increases in tariffs on imported steel, add another layer of uncertainty for Japanese companies operating in the U.S. [8][9]. Group 4: Trade Negotiations - Current trade negotiations between Japan and the U.S. have not made significant progress, with Japan facing substantial tariffs on steel and automobiles, which could impact its economic growth [9]. - The Japanese government is actively seeking to negotiate a favorable agreement with the U.S. to alleviate the burden of these tariffs, which are projected to result in significant profit losses for Japanese companies [9].

Core Viewpoint - Japan Steel's acquisition of US Steel has been finalized after a year and a half of efforts, aiming to establish a global network centered around Japan, India, and the US, thereby enhancing its competitiveness against Chinese firms [1][3]. Group 1: Acquisition Details - Japan Steel's acquisition plan for US Steel faced numerous challenges, including negotiations with the US government and legal actions against former presidential bans, but ultimately succeeded in achieving full subsidiary status [3]. - The company anticipates a significant decline in its consolidated net profit for the fiscal year ending March 2026, projecting a drop of 43% to 200 billion yen, attributed to oversupply from China and weak domestic demand [3][6]. Group 2: Strategic Goals - Japan Steel's global strategy aims to create a "steel triangle" with Japan, the growing market in India, and the promising US market for high-grade steel [4][5]. - The company has already made significant investments in India, including a joint acquisition of Essar Steel for approximately 770 billion yen, and is focused on building production bases in demand regions to mitigate tariff impacts [5]. Group 3: Market Position and Future Plans - Japan Steel plans to invest about 11 billion USD in US Steel by 2028, with a target of achieving an annual crude steel production of 100 million tons and a business profit of 1 trillion yen [6]. - The combined crude steel production of Japan Steel and US Steel would position them close to China's Ansteel Group, enhancing their market presence [6]. Group 4: Challenges and Opposition - Despite the acquisition, there is significant opposition in the US regarding the takeover of a historic steel company, with concerns about maintaining operational independence and addressing domestic public sentiment [7].

美国钢铁公司（X）美股盘后涨0.036%，一名英国官员称，美国对英国钢材的关税将暂时维持在25%。 ...