Group 1 - Mexico is expected to extend the antitrust approval for Nippon Steel's $14.9 billion acquisition of a U.S. steel company as early as Thursday [1] - Cross-border mergers and acquisitions require approval from antitrust authorities in various countries to ensure that the transaction does not lead to market monopolization or harm competition [1] - Mexico's antitrust agency, such as the Federal Economic Competition Commission, will review whether the acquisition affects the competitive landscape of the domestic steel market, including aspects like pricing, supply, and employment [1]

Group 1 - U.S. Steel Corporation (X) has seen its decline expand to over 0.2%, while Cleveland-Cliffs Inc. has dropped more than 2.1%, and Steel Dynamics Inc. has decreased by approximately 0.7% [1] - U.S. Secretary of Commerce Gina Raimondo stated that steel tariffs are merely a cost issue rather than a market access issue [1] Group 2 - Cleveland-Cliffs Inc. has a current stock price of 7.40 USD, with a market capitalization of 36.48 billion USD and a 52-week high of 16.54 USD [3] - U.S. Steel Corporation's stock price is currently at 53.63 USD, with a market capitalization of 121.63 billion USD and a 52-week high of 54.03 USD [4][7] - Steel Dynamics Inc. is trading at 135.95 USD, with a market capitalization of 202.71 billion USD and a 52-week high of 155.56 USD [9]

Core Viewpoint - The U.S. Steel Corporation (X) experienced a post-market decline of 0.037% following the announcement of the implementation of Trump’s steel tariffs, effective June 4 at 00:01 Eastern Time [1] Company Summary - U.S. Steel Corporation's stock performance is negatively impacted by the upcoming steel tariffs [1] Industry Summary - The announcement of steel tariffs by the White House indicates a significant policy shift that could affect the steel industry [1]

Core Viewpoint - The acquisition of U.S. Steel by Nippon Steel is contingent upon approval from the U.S. government, which involves navigating complex legal and regulatory hurdles, including the potential payment of a $565 million penalty if the deal fails [1][2]. Group 1: Acquisition Process - Nippon Steel's acquisition requires the revocation of a suspension order issued by former President Biden, which was based on national security concerns raised by the Committee on Foreign Investment in the United States (CFIUS) [1]. - The acquisition also necessitates signing a "national security assurance agreement" with the U.S. government, which would impose conditions on U.S. Steel's operations post-acquisition [1][2]. - The U.S. government may include stipulations in the agreement to retain U.S. Steel's headquarters in Pittsburgh, ensure a majority of the board members are U.S. citizens, and prevent the transfer of production and jobs overseas [1]. Group 2: Timeline and Review Process - The focus is on whether the necessary procedures can be completed by June 5, with CFIUS expected to provide recommendations to Trump by May 21, followed by a 15-day review period [2]. - The ultimate deadline for submitting proof of the acquisition's revocation is June 18, as stipulated in Biden's suspension order [2]. - If the acquisition does not proceed, Nippon Steel faces a potential penalty of $565 million to U.S. Steel [2].

Trade and Market Impact - Trade tensions are affecting market performance, with President Trump accusing China of violating tariff agreements and announcing a doubling of steel tariffs from 25% to 50% [1] - Cleveland-Cliffs (CLF) has seen a significant increase of +24% in stock price due to these developments [2] - Major indexes such as the Dow, Nasdaq, S&P 500, and Russell 2000 are experiencing declines, with the S&P 500 down -20 points [2] Labor Market Insights - The upcoming Jobs Week includes key reports such as Job Openings and Labor Turnover Survey (JOLTS), ADP private-sector payrolls, Weekly Jobless Claims, and the U.S. Employment Report [3][4] - Expectations for job gains are set at +112K for ADP and +125K for BLS, with potential narratives of labor market loosening if these figures show weakness [4] - The U.S. labor force has been underestimated, with a current unemployment rate expected to remain low at 4.2% despite recent increases [6] Company Earnings Reports - Campbell's Company (CPB) reported fiscal Q3 earnings of 73 cents per share, exceeding expectations by +12% but slightly below the previous year's quarter [7][8] - Revenues for Campbell's reached $2.48 billion, surpassing expectations by +1.55% and showing growth from $2.37 billion year-over-year [8] Economic Indicators - The S&P Manufacturing PMI is expected to remain above the key 50-level at +52.3, while ISM Manufacturing is projected to decrease to +48.5% [9] - Construction Spending for April is anticipated to show a positive change of +0.2% after a -0.5% decline in March [10]

Group 1 - U.S. Steel Corporation (X) is currently down 0.4%, narrowing its cumulative gain over the last five trading days to 3.1% [1] - Mexican President López Obrador is awaiting U.S. President Trump's announcement to double steel and aluminum tariffs to 50% on June 4 [1] - A meeting was held on June 2 between López Obrador and Mexican Economy Minister Marcelo Ebrard to discuss the potential impact of Trump's steel and aluminum tariffs on Mexico [1]

炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 【文/观察者网 陈思佳】上周，美国总统特朗普在宾夕法尼亚州视察美国钢铁公司一家工厂时宣布，他 将把美国进口钢铁的关税从25%提高至50%，以保护美国钢铁行业"免受外国和不公平竞争的影响"。 "美国正下降一道新的'钢幕'（Steel Curtain）。"美国《华尔街日报》6月1日发文称，特朗普的关税壁垒 将提高钢铁价格，可能帮助美国钢铁制造商遏制赤字。但这一举措不太可能挽救或创造就业机会，还会 提高汽车制造商、机械制造商等企业的成本，最终可能损害这些企业并导致钢铁需求下降。 特朗普在匹兹堡附近举行集会时宣布了关税上调事宜，这次集会旨在宣传日本制铁公司与美国钢铁公司 之间一项价值140亿美元的交易。他宣称："在美国钢铁行业历史上，从未有过140亿美元的投资。最重 要的是，美国钢铁公司将继续由美国掌控。" 特朗普上周改变了对日铁收购案的态度，他于5月23日在社交媒体上发文称，日铁将与美国钢铁公司"达 成合作"。他吹嘘这项合作将创造至少7万个就业岗位，日铁承诺向美国钢铁公司投资140亿美元，其中 包括向匹兹堡一家工厂投资22亿美元。 5月30日 ...

Group 1 - The U.S. President announced an increase in import tariffs on steel from 25% to 50% to protect the domestic steel industry from foreign competition [1] - Following the tariff announcement, U.S. steel companies saw significant stock price increases, with Cleveland-Cliffs Inc. rising over 26% in after-hours trading [1] - The new tariff level supports a previously promised cooperation agreement between U.S. Steel and Japan's Nippon Steel, addressing concerns from the United Steelworkers union about potential job losses [1] Group 2 - Approximately 17% of steel used in the U.S. is imported, primarily from Canada, Brazil, and Mexico, which may lead to increased costs for construction companies and new housing projects [2] - The President also mandated that U.S. automakers, including Tesla, must produce entire vehicles and all parts domestically, rather than overseas, to address concerns about foreign production [2]

Core Viewpoint - The partnership between Nippon Steel and U.S. Steel is positioned as a significant development for the American steel industry, allowing for investment without full ownership, while ensuring U.S. Steel remains an American company [1][3][8]. Group 1: Deal Overview - Nippon Steel initially proposed acquiring U.S. Steel for $14.9 billion in 2023, but the deal faced political opposition and was blocked by former President Joe Biden on national security grounds [2]. - The Trump administration has since reviewed the deal, with Trump expressing support for a partnership that allows Nippon Steel to invest in U.S. Steel without taking full control [3][5]. - U.S. Steel is expected to retain its name, headquarters in Pittsburgh, and leadership team, while Nippon Steel plans to invest billions in upgrading U.S. Steel facilities [8][13]. Group 2: Economic Impact - Trump announced plans to double tariffs on foreign steel to 50%, which he claims will benefit U.S. steelworkers, including a proposed $5,000 bonus for each worker [5][11]. - The investment from Nippon Steel is seen as crucial for U.S. Steel's competitiveness, with a previous pledge of $3 billion for facility upgrades [13]. Group 3: Industry Sentiment - Trump emphasized the importance of maintaining U.S. Steel's legacy and its role in the American economy, stating that the best steel will continue to be produced in America [11]. - The rally highlighted a positive sentiment among steelworkers, with Trump assuring them of job security and financial benefits from the deal [5][14].

Group 1 - The president of U.S. Steel Corporation (X) characterized the transaction with Nippon Steel as a "merger" [1]