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MarketBeat

Leo Miller

U.S. Steel: Will Trump-Backed Nippon Investment Drive Upside?

Nippon US Steel Donald Trump United States Steel Nippon Steel CFIUS MarketBeat United States

The steel industry is back in the news again, courtesy of President Trump. The president is leaving his mark on the negotiations between Japanese company Nippon Steel (OTCMKTS: NPSCY) and United States Steel (NYSE: X). So, what does Trump’s stance mean for U.S. Steel stock going forward, and is there ultimately still upside in this historic basic materials company? Below, I’ll provide a brief history of the recent U.S. Steel and Nippon saga and address this question.

History Lesson: Nippon Looks to Buy Iconic U.S. Steel Maker

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