United States Steel (X) Stock

A significant boost in the chances of United States Steel (X 9.54%) being sold to an overseas buyer caused the stock to rise on the final trading day of the year. As a result of this news, the well-known industrial stock finished Tuesday with an almost 10% increase in price.

Joel Griffith, a research fellow at The Heritage Foundation, talks about bringing the steel industry back to life on 'The Bottom Line.'

Nippon Steel's plan to buy US Steel for $12.3 billion is closer to being stopped after a US national security panel couldn't reach an agreement on the review. This means President Joe Biden, who has shown his disapproval of the deal, will make the final decision. Bloomberg's John Harney talks about this situation with Vonnie Quinn and Sonali Basak on "Bloomberg Markets."

A committee responsible for evaluating national security issues related to foreign investments was unable to determine whether Japan is an ally or an adversary.

Always accept capital when it is presented to you. This advice has been around for a long time in the world of business.

On Friday, U.S. Steel (X) saw its shares drop after the company provided a lower-than-expected forecast for the current quarter. This decline is due to decreasing prices and expenses linked to a new factory being built in Arkansas.

The adjusted EBITDA forecast of $150 million for the fourth quarter is less than what X had predicted before.

PITTSBURGH--(BUSINESS WIRE)--United States Steel Corporation (NYSE: X) has announced its guidance for adjusted net earnings per diluted share for the fourth quarter of 2024, estimating a range of ($0.29) to ($0.25). The company expects adjusted EBITDA for the same quarter to be around $150 million. The fourth quarter is seen as a significant step towards their Best for All® future, as the team completed over $4 billion in growth capital investments, with the first coil produced at Big River 2 (BR2) on October 31, 2024.

According to Bloomberg, the panel from the Committee on Foreign Investment in the United States needs to send its decision about the merger to Biden by December 22 or 23.