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]

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]

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]

Core Viewpoint - The Japanese company Nippon Steel is actively seeking approval from the U.S. government to acquire the American steel company X, indicating a strong desire to complete this merger while ensuring that American Steel retains control over its operations [1] Group 1 - Nippon Steel has been persistently requesting the U.S. government to approve the acquisition of American Steel [1] - The acquisition reflects Nippon Steel's significant interest in expanding its presence in the U.S. steel market [1] - American Steel will maintain control over its company post-acquisition, suggesting a structured approach to the merger [1]

Core Points - The agreement related to U.S. Steel is being celebrated by President Trump, indicating a significant development for the company [1] - U.S. Steel will remain an American company, highlighting its commitment to domestic operations [2] - The company is expected to have a strong partnership moving forward, with plans to keep its headquarters in Pittsburgh [3] Summary by Sections - **Company Commitment** - U.S. Steel will maintain its status as an American company, reinforcing its domestic presence [2] - **Leadership and Strategy** - The CEO of U.S. Steel had previously made a plea to "save the company," indicating challenges faced [3] - After discussions with the CEO, there was consideration of using tariffs as leverage against Japan [3] - **Partnerships and Future Outlook** - U.S. Steel is set to have a promising partnership, which may enhance its operational capabilities [3] - The company is committed to remaining headquartered in Pittsburgh, signaling stability in its operations [3]

Group 1 - The event is focused on the American steel industry, specifically highlighting the activities of U.S. Steel Corporation (X) [1]

日本首席谈判代表、经济再生大臣赤泽亮正（Ryosei Akazawa）：正关注美国关于日本制铁（新日铁） 和美国钢铁公司（X）的正式声明。 ...