RADNOR, Pa., June 3, 2024 /PRNewswire/ -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) is currently investigating potential violations of the federal securities laws on behalf of investors of United States Steel Corporation (NYSE: X) ("US Steel").On December 18, 2023, US Steel disclosed that it had entered into an agreement to be acquired by Nippon Steel Corporation ("Nippon") in an all-cash transaction at $55.00 per share, subject to "customary" approvals and conditions. On March 13, 2 ...

The United States Steel Corporation (X) and Nippon Steel Corporation announced the receipt of all necessary regulatory approvals outside of the United States for their proposed transaction. These approvals were granted by several regulatory bodies, including the Directorate-General for Competition of the European Commission (under the EU Merger Regulation and the Foreign Subsidies Regulation), the Mexican Federal Economic Competition Commission, the Serbian Competition Commission, the Ministry of Economy of ...

United States Steel Corporation (X) officially launched its new direct reduced (DR)-grade pellet production facility at the Keetac Plant in Minnesota. The facility, which commenced its first shipments, is set to produce around four million tons of pellets annually. This $150-million investment marks a significant move in the company’s metallics strategy, aimed at supplying the tight DR-grade pellet market with low-cost iron ore while enhancing its ability to meet customer demands.The Keetac facility boasts ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2024 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-16811 United States Steel Corporation (Exact name of registrant as specified in its charter) Delaware 25-1897152 (State or other j ...

NEWS RELEASE CONTACTS: Emily Chieng Corporate Investor Relations Communications Officer T - (412) 433-1300 T - (412) 618-9554 E - media@uss.com E - ecchieng@uss.com FOR IMMEDIATE RELEASE: United States Steel Corporation Reports First Quarter 2024 Results • First quarter 2024 net earnings of $171 million, or $0.68 per diluted share. • First quarter 2024 adjusted net earnings of $206 million, or $0.82 per diluted share. Includes an approximately $0.04 per diluted share unfavorable inventory impact versus our ...

Analysts on Wall Street project that United States Steel (X) will announce quarterly earnings of $0.83 per share in its forthcoming report, representing an increase of 7.8% year over year. Revenues are projected to reach $4.22 billion, declining 5.6% from the same quarter last year.The consensus EPS estimate for the quarter has undergone a downward revision of 2.4% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial esti ...

The most recent trading session ended with United States Steel (X) standing at $37.17, reflecting a +1.56% shift from the previouse trading day's closing. The stock outpaced the S&P 500's daily loss of 0.46%. At the same time, the Dow lost 0.98%, and the tech-heavy Nasdaq lost 0.64%.The the stock of steel maker has fallen by 10.78% in the past month, lagging the Basic Materials sector's loss of 1.93% and the S&P 500's loss of 3.04%.Market participants will be closely following the financial results of Unite ...

United States Steel (X) closed at $38.59 in the latest trading session, marking a -0.9% move from the prior day. The stock's change was less than the S&P 500's daily loss of 0.88%. On the other hand, the Dow registered a gain of 0.56%, and the technology-centric Nasdaq decreased by 2.05%.The steel maker's shares have seen a decrease of 2.77% over the last month, not keeping up with the Basic Materials sector's loss of 0.32% and the S&P 500's loss of 2.57%.Investors will be eagerly watching for the performan ...

The White House announced actions President Biden would be taking against China to help protect the U.S. steel and shipbuilding industries. On Wednesday, Biden called on the U.S. Trade Representative (USTR), which monitors the compliance of foreign governments to comply with trade agreements, to triple the tariff rate on Chinese steel and aluminum imports. He also called on USTR to investigate China’s unfair shipbuilding practices."The Biden-Harris Administration recognizes growing concerns that unfair Chin ...

United States Steel (X) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Over the past month, shares of this steel maker have returned +5%, compared to the Zacks S&P 500 composite's -0.9% change. During this period, the Zacks Steel - Producers industry, which U.S. Steel falls in, has lost 0.6%. The key question now is: What could be the stock's future direction?Alth ...