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U.S. Steel Secures Certification for ResponsibleSteel Certified Steel
ZACKS· 2024-09-26 11:50
United States Steel Corporation (X) has become the first steel company in the world to qualify to sell its products as ResponsibleSteel Certified Steel at its Big River facility in Osceola, AR. Big River achieved the first ResponsibleSteel Site Certification in North America in 2022 for steel that is sustainably sourced and made.ResponsibleSteel is the industry's premier worldwide multi-stakeholder standards body, offering site-level certification and, for the first time, steel certification. By reaching th ...
U.S. Steel Projects Strong Q3 Despite Tubular and European Headwinds
ZACKS· 2024-09-20 20:06
United States Steel Corporation (X) issued its guidance for third-quarter 2024. The company expects adjusted net earnings per share to be in the range of 44-48 cents and adjusted EBITDA to be $300 million.X’s Performance Outlook for Q3For the third quarter, the Flat-Rolled segment's adjusted EBITDA is expected to be down sequentially due to lower selling prices. However, U.S. Steel’s diverse commercial portfolio and operational efficiency are expected to help offset some of this impact.The Mini Mill segment ...
Nippon Steel Reportedly Gets Extension To Provide Plans for US Steel Takeover
Investopedia· 2024-09-18 15:16
Key TakeawaysNippon Steel reportedly has been given permission by U.S. security officials to refile its plans to purchase U.S. Steel.Bloomberg said that effectively would push the review period for the $14.9 billion deal past the November elections.Politicians including President Joe Biden, Vice President Kamala Harris, and former president Donald Trump have questioned the purchase, arguing that U.S. Steel should remain American-owned. Shares of U.S. Steel (X) advanced Wednesday amid a report that Nippon St ...
U.S. Steel Stock Recovers as Merger Review Pushed Back
Schaeffers Investment Research· 2024-09-18 14:54
United States Steel Corp (NYSE:X) is back in the news today, after a Reuters report indicated the U.S.' Committee on Foreign Investment (CIFUS) granted a request from both companies to push back the review of the Nippon merger 90 days. The decision will now come after the Presidential election, giving CIFUS time to weigh the national security implications. U.S. Steel stock is up 3.5% to trade at $37.49, on track for its fifth win in the last six trading days. X has essentially filled the 17.5% bear gap suff ...
Acquisition Chatter Heats U.S. Steel
Forbes· 2024-09-16 12:00
UKRAINE - 2021/12/18: In this photo illustration, U.S. Steel (United States Steel Corporation)(USS) ... [+] logo is seen on a smartphone and a computer screen. (Photo Illustration by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty ImagesUnited States Steel stock surged nearly 9% during Wednesday’s trading, recovering somewhat from more than a 30% correction in its price from the beginning of the year, after a revival in discussions around the company’s acquisition by ...
U.S. Steel (X) Moves 7.0% Higher: Will This Strength Last?
ZACKS· 2024-09-12 11:26
United States Steel (X) shares rallied 7% in the last trading session to close at $33.39. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 25.5% loss over the past four weeks.U.S. Steel’s stock popped on reports that a senior Nippon Steel executive traveled to Washington to meet with U.S. officials in a last-ditch effort to save Nippon Steel’s proposed $14.9 billion takeover of U.S. Steel following reports a w ...
U.S. Steel Unveils ZMAG-Coated Steel to Meet Environmental Challenges
ZACKS· 2024-09-11 11:36
Company Overview - United States Steel Corporation (X) has introduced ZMAG-coated steel, a new carbon flat-rolled coated steel product designed to be stronger, more resilient, and sustainable compared to existing products in the market [1] - ZMAG steel features a zinc-aluminum-magnesium coating that offers up to five times the corrosion resistance of standard galvanized steel, making it suitable for harsh environments [1] - The steel is domestically manufactured in the U.S., eliminating uncertainties associated with imported materials [1] Product Features and Market Demand - The demand for materials capable of withstanding severe and corrosive environments is increasing, with ZMAG-coated steel being robust enough for long-lasting projects [2] - U.S. Steel emphasizes its commitment to reducing environmental impact through waste-reducing manufacturing methods and offers a 25-year warranty on ZMAG-coated steel [2] Financial Performance and Expectations - U.S. Steel's shares have increased by 3.2% over the past year, contrasting with a 17.8% decline in its industry [2] - The company anticipates adjusted EBITDA for Q3 to be between $275 million and $325 million, influenced by recent pricing dynamics [2] - Results in the North American Flat-Rolled segment are expected to soften due to reduced spot prices, while the Mini Mill segment will reflect lower spot prices and $30 million in start-up costs for Big River 2 [2][3] Segment Performance - The Europe unit's results are expected to remain consistent with Q2, as lower selling prices are balanced by reduced raw material costs [3] - Weaker results are anticipated in the Tubular segment for Q3 due to decreased selling prices [3]
Don't Miss Out: U.S. Steel Stock Poised for a Major Rally
MarketBeat· 2024-09-10 14:07
The stock market occasionally offers investors an unfair risk-to-reward setup to take advantage of some of the best and most stable stocks. Today, there’s no apparent recession or systemic discount across the market. Still, some stocks have traded at such low valuations that the potential opportunity is undeniable. This is especially true as the new business cycle is preparing to shift.United States Steel TodayXUnited States Steel$31.05 -1.77 (-5.39%) 52-Week Range$26.92▼$50.20Dividend Yield0.64%P/E Ratio9. ...
2 Stocks Rising on Upgrades Today
Schaeffers Investment Research· 2024-09-09 15:25
United States Steel Corp (NYSE:X) stock is up 4.1% at $32.55 at last check, after an upgrade from JPMorgan Securities to "overweight" from "neutral," and at GLJ to "buy" from "sell." The latter firm applied a sum-of-parts approach that values the company with or without the highly publicized potential takeover by Nippon Steel, which U.S. Vice President Kamala Harris opposed at a rally last week. X is on track for its third-straight daily gain after its recent Sept. 4, 52-week low of $26.91. Year to date, th ...
This United States Steel Analyst Turns Bullish; Here Are Top 5 Upgrades For Monday
Benzinga· 2024-09-09 13:17
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Considering buying X stock? Here’s what analysts think: Read More: ...