Previous Close | 38.85 |
Open | 38.65 |
Bid | 0.00 x 800 |
Ask | 39.08 x 1100 |
Day's Range | 38.60 - 39.33 |
52 Week Range | 20.40 - 50.20 |
Volume | |
Avg. Volume | 5,430,478 |
Market Cap | 8.739B |
Beta (5Y Monthly) | 2.03 |
PE Ratio (TTM) | 10.92 |
EPS (TTM) | 3.56 |
Earnings Date | Apr 25, 2024 - Apr 29, 2024 |
Forward Dividend & Yield | 0.20 (0.51%) |
Ex-Dividend Date | Feb 09, 2024 |
1y Target Est | 37.12 |
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TOKYO (Reuters) -Nippon Steel would move its U.S. headquarters to Pittsburgh where its acquisition target U.S. Steel is based if the deal goes through, an executive said, adding to the pledges from the Japanese steelmaker to secure the transaction. Nippon Steel's proposed $15-billion takeover of U.S. Steel has drawn sharp criticism in the United States where President Joe Biden said last week the asset should remain domestically owned while his opponent in November presidential vote, Donald Trump, promised to block the deal if he is re-elected. The Japanese company, the world's fourth-biggest steelmaker, has been in talks with the United Steelworkers (USW), a labour union key for Biden and Trump in the upcoming November elections and which so far was opposing the deal.
“ Nippon Steel is excited to grow U.S. Steel into the best steel maker in America, making it more technologically advanced, more environmentally sustainable, and better able to manufacture high-quality American-made steel products,” the letter stated. Nippon added it has leading steelmaking technologies and a sizable research and development budget. Nippon spent some $500 million on R&D in 2023.
PITTSBURGH, March 18, 2024--United States Steel Corporation (NYSE: X) today provided first quarter 2024 adjusted net earnings per diluted share guidance of $0.80 to $0.84. First quarter 2024 adjusted EBITDA is expected to be approximately $425 million.