U.S. Steel Stock Jumps on Hopes for Other Bidders -- Barrons.com

Dow Jones

Jan 13, 2025

Al Root

The bidding war for United States Steel could get more complicated.

CNBC reported Monday that Nucor and Cleveland-Cliffs were considering a joint bid for U.S. Steel.

Nucor and Cleveland-Cliffs didn't immediately respond to a request for comment from Barron's.

U.S. Steel stock was up 7.3% at $36.79 in early trading Monday. The S&P 500 was down about 0.5% and the Dow Jones Industrial Average was up about 0.5%.

The bid comes days after President Biden blocked a $55 all-cash bid from Nippon Steel on national security grounds. U.S. Steel is suing to have that opinion overturned. It has also initiated litigation against Cleveland-Cliffs.

U.S. Steel also didn't immediately respond to a request for comment.

This is breaking news. Check back for updates.

Write to Al Root at allen.root@dowjones.com

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

January 13, 2025 10:13 ET (15:13 GMT)

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Barron's is published independently from Dow Jones Newswires and The Wall Street Journal. \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 13, 2025 10:13 ET (15:13 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4505","symbol_name":"高瓴资本持仓","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2503447586","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2503447586","pubTimestamp":1736781180,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"The bidding war for United States Steel could get more complicated.CNBC reported Monday that Nucor and Cleveland-Cliffs were considering a joint bid for U.S. Steel.Nucor and Cleveland-Cliffs didn't immediately respond to a request for comment from Barron's.U.S. Steel stock was up 7.3% at $36.79 in early trading Monday. 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The S&P 500 was down about 0.5% and the Dow Jones Industrial Average was up about 0.5%. \n\n\n     The bid comes days after President Biden blocked a $55 all-cash bid from Nippon Steel on national security grounds. U.S. Steel is suing to have that opinion overturned. It has also initiated litigation against Cleveland-Cliffs. \n\n\n     U.S. Steel also didn't immediately respond to a request for comment. \n\n\n     This is breaking news. Check back for updates. \n\n\n     Write to Al Root at  allen.root@dowjones.com \n\n\n     This content was created by Barron's, which is operated by Dow Jones & Co. 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