Group 1 - United States Steel Corp (NYSE:X) stock increased by 5.1% to $54.84 following President Trump's approval of a $14.9 billion merger with Nippon Steel, which includes a national security agreement granting the U.S. government a "golden share" [1] - The stock has risen 61.4% in 2025, reaching a 14-year high of $54.91, supported by the 20-day moving average and overcoming previous resistance at $45 after a 21.2% bull gap in late May [2] - Options trading volume is significantly higher than average, with 38,000 calls and 25,000 puts exchanged, indicating strong interest in the June 55 call and the 45 put [2] Group 2 - Short-term options traders are exhibiting a more bearish sentiment, as indicated by a Schaeffer's put/call open interest ratio (SOIR) of 1.16, which is in the 80th percentile of the past year's readings [3]

Group 1 - The acquisition of U.S. Steel by Nippon Steel, valued at $14.1 billion, is set to be completed on June 18, marking a significant milestone in overseas mergers for Japanese companies and a notable cross-border acquisition in the steel industry [1] - The acquisition price of $55 per share represents a 142% premium over U.S. Steel's stock price prior to the announcement of the sale, raising concerns among market participants regarding the valuation [1] - The Trump administration's approval of the deal, which reverses previous barriers set by the Biden administration, is seen as a move to strengthen U.S.-Japan relations and promote manufacturing investment in the U.S. [1] Group 2 - In addition to the acquisition cost, Nippon Steel has committed to invest $14 billion in the U.S. over the coming years for factory upgrades and new production lines, significantly increasing the overall cost of the merger [2] - The "golden share" mechanism allows the U.S. government to hold special rights in the merged company, impacting governance and potentially limiting Nippon Steel's operational autonomy in the U.S. [2] - There is internal dissent within Nippon Steel regarding the acquisition, with external investors expressing concerns about the long-term value and leadership decisions related to the deal [2] Group 3 - The merger will create the second-largest steel producer globally and enhance competitiveness in the U.S. market, particularly in high-end steel production for critical infrastructure upgrades [3] - The support from the Trump administration for this acquisition may revitalize stalled U.S.-Japan trade negotiations, potentially leading to progress on manufacturing and technology access issues [3]

美国钢铁美股盘前上涨超5%，特朗普于上周五正式批准日本制铁公司以149亿美元收购美国钢铁公司的 交易。 ...

Core Viewpoint - The acquisition of U.S. Steel by Nippon Steel has been officially approved by President Trump, contingent upon the resolution of national security concerns through an agreement with the Treasury Department [1][2]. Group 1: Acquisition Details - Nippon Steel will invest $11 billion in the U.S. steel industry by 2028 as part of the agreement [2]. - The acquisition allows Nippon Steel to avoid a $565 million breakup fee that would have been incurred if the deal was not approved [2]. - The deal is expected to inject critical investment into the struggling U.S. steel industry and position Nippon Steel favorably in U.S. infrastructure projects [2]. Group 2: Market Reaction - Following the announcement, U.S. Steel's stock rose over 5% in after-hours trading [2]. - On May 23, a previous announcement from Trump led to a 21% surge in U.S. Steel's stock price [3]. Group 3: Government Involvement - Trump has indicated that the U.S. government will retain "golden share" rights in the acquisition, which he claims will ensure U.S. control over the company [3]. - The specifics of the "golden share" arrangement remain unclear, with no details provided on typical rights associated with such a stake [3]. Group 4: Ongoing Discussions - A Nippon Steel executive mentioned that a certain degree of management freedom is necessary for the acquisition to proceed, indicating that final discussions regarding the deal structure are still ongoing [4].

Global Steel Production - In 2024, global crude steel production is projected to reach 1.885 billion tons, remaining stable compared to previous years, with China producing 1.005 billion tons, accounting for 53.3% of the total [1][2] - India ranks second with a production of 149 million tons, showing a year-on-year growth of 6%, while traditional steel-producing countries like Japan, the US, and Russia are experiencing declines [1][2] - The production process is dominated by the blast furnace-converter method, accounting for 70.4%, while electric arc furnace processes represent 29.1% [1][2] Steel Consumption - The global apparent steel consumption in 2024 is estimated at 1.742 billion tons, with a per capita consumption of 214.7 kg [2][3] - China leads in per capita consumption at 601.1 kg, while India lags at 102.6 kg, highlighting significant disparities between developing and developed nations [2][3] - Asia accounts for 72.4% of global consumption, with China and India contributing the majority of the growth, while Europe and North America see declining shares [2][3] Raw Materials and Trade - Iron ore remains a critical raw material, with Australia and Brazil together accounting for 72% of global exports; China is the largest importer, with imports reaching 1.18 billion tons in 2024 [3][4] - The reliance on iron ore has prompted the industry to seek alternatives, with direct reduced iron production increasing from 106 million tons in 2020 to 144 million tons in 2024 [3][4] - Global trade in scrap steel is on the rise, with a total of 95.8 million tons traded in 2024, primarily involving the EU, the US, and China [3][4] Sustainability - The steel industry's carbon emission intensity has decreased, with 2023 figures showing 1.92 tons of CO2 emitted per ton of crude steel produced [4][5] - Energy consumption intensity is reported at 21.27 GJ/ton, with material efficiency reaching 98.15%, indicating ongoing efforts in energy conservation and emissions reduction [4][5] - The industry is investing in new technologies, including electric arc furnaces and hydrogen metallurgy, to meet sustainability goals [4][5] Trade Dynamics - In 2024, global steel trade volume is expected to reach 449 million tons, with China exporting 117 million tons, primarily to emerging markets in Southeast Asia and Africa [5][6] - The EU and the US are major importers, with net imports of 15 million tons and 18.6 million tons, respectively [5][6] - Indirect trade, involving steel-containing products, significantly impacts global supply and demand dynamics, with 2019 figures showing 359 million tons traded [5][6] Future Outlook - The steel industry faces challenges and opportunities in low-carbon transformation, with technologies like hydrogen metallurgy and carbon capture set to play crucial roles [6][7] - Smart manufacturing through industrial internet and AI is expected to enhance efficiency and reduce energy consumption [6][7] - Emerging markets, particularly in Southeast Asia and Africa, are anticipated to drive future steel demand, with India's consumption projected to exceed 200 million tons by 2030 [6][7]

智通财经6月14日电，日本经济产业大臣声明称，欢迎美国批准日本制铁对美国钢铁公司的投资计划。 ...

美国钢铁公司与日本制铁（新日铁）同美国政府进入NATSEC（国家安全）协议。 美国钢铁公司（X）美股盘后涨幅扩大至4.68%。 ...

智通财经6月14日电，美国白宫发布美国钢铁公司（X）与日本制铁（新日铁）交易的声明。美国总统 特朗普修改关于两家公司交易的命令。 ...

美国钢铁公司（X）美股盘后涨2.28%。 美国白宫发布美国钢铁公司与日本制铁（新日铁）交易的声明。 美国总统特朗普修改关于两家公司交易的命令，为批准这笔交易铺平道路。 ...

Group 1 - The acquisition of U.S. Steel by Nippon Steel requires a certain degree of management freedom to proceed, indicating ongoing discussions about the transaction structure [1] - Nippon Steel proposed to acquire all outstanding shares of U.S. Steel at $55 per share by the end of 2023, but the Biden administration previously blocked the deal citing national security concerns [1] - Former President Trump expressed support for the partnership between U.S. Steel and Nippon Steel, stating it would generate approximately $14 billion for the U.S. economy and create around 70,000 new jobs [2] Group 2 - Trump announced that the headquarters of U.S. Steel would remain in Pittsburgh, and emphasized that his tariff policies would ensure the steel industry remains in the U.S. [2] - The U.S. government will retain "golden share" rights after the acquisition, which Trump claims will ensure absolute control, equating to 51% ownership by Americans, though specifics remain unclear [2] - The acquisition is still pending, with two critical deadlines approaching: the lawsuit deadline on Friday and the merger agreement expiration on June 18 [2]