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The Latest Breaking News from US Steel

American industrial icon US Steel is on the verge of being absorbed as industry consolidates further

United States Steel Corp. seems poised to be soon purchased by a competitor, with two bidders revealed in a matter of days and more in the wings

The Independent UK

Stock market today: Wall Street falls with markets worldwide after weak economic data from China

Stocks worldwide are falling as China’s faltering recovery raises worries for the rest of the global economy

The Independent UK

The Elon Musk of steel? Meet the Brazilian mogul who just bid $7.2 billion to bring two Fortune 500 giants together

Lourenco Goncalves has turned around Cleveland-Cliffs while tangling with Wall Street analysts and short-sellers, but now he wants U.S. Steel itself.

Fortune

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Cleveland-Cliffs Proposes To Acquire U.S. Steel

US Steel Brushes Off Cleveland-Cliffs' $35 Per Share Offer: Deal Less Likely To Close Without 'Meaningful Concessions'

Zenger

DeSantis says he sold all stocks; House disclosures show otherwise

Ron DeSantis had stock in two companies while he was in Congress despite him saying in an interview he sold his holdings.

Roll Call

Stalled stadium talks in Arlington Heights create opening for Chicago mayor — if he’s willing to rewrite his playbook

Brandon Johnson’s promise to make $1 billion worth of “investments in people,” makes it tough to imagine him moving a new Chicago Bears stadium to the top of his “to do” list.

Chicago Sun-Times

Face the music: South Works site could make a good performance venue

Chicago needs a major, permanent fairground and outdoor performance venue. Why not build one at South Works? Now to get U.S. Steel, and maybe the next mayor, to agree.

Chicago Sun-Times

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US steel mills threatened as hot metal piles up in private-equity recycler's 'chaos' bankruptcy

Phoenix Services, a Radnor, Pennsylvania, company that keeps the largest U.S. steel mills running by recycling their molten slag, is in its sixth month of bankruptcy reorganization, as tons of waste pile up at its clients' plants.

The Philadelphia Inquirer

Minnesota Supreme Court rejects Mesabi Metallics' bid to keep critical iron ore leases

The Minnesota Supreme Court has upheld the state's decision to terminate mineral leases for Mesabi Metallics' long-delayed iron ore project near Nashwauk.

Tribune News Service

US Steel reaches tentative contract with United Steelworkers union

PITTSBURGH — U.S. Steel and the union representing more than 11,000 of its employees, including those at the Mon Valley Works, have reached a tentative agreement on a new four-year contract.

Tribune News Service

Locked Up: The prison labor that built business empires

In a joint investigation, reporters from the Associated Press and Reveal at the Center for Investigative Reporting spent months unearthing the history of convict leasing that built business empires

The Independent UK

Braddock, the town that made John Fetterman, speaks on his run for Senate: ‘Our town got a battery jolt’

John Fetterman’s work in the once-prosperous steel town of Braddock, outside of Pittsburgh, prompted lavish media praise. But, as he runs for the Senate, what legacy does he leave behind? Richard Hall reports.

The Independent UK

U.S. Steel (X) To Report Q2 Earnings: What's In The Cards?

United States Steel Corporation (NYSE: X) is scheduled to come up with its second-quarter 2022 results after the bell on Jul 28.

Benzinga

Median pay for executives at the largest companies surged last year. A few shareholders are crying foul

While it's surely not worth dwelling over, it nonetheless merits note: The highest-paid CEOs and their top-level colleagues rake in more money in one year — typically way more — than most of us will see in a lifetime.

Tribune News Service

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Tribune News Service

US Steel to make $150M investment in Iron Range operations

U.S. Steel plans to invest $150 million in a new Iron Range facility that would make taconite pellets tailored for electric arc steel mills.

Tribune News Service

US Steel part of groundbreaking study to snatch carbon emissions from the air and store them in concrete

U.S. Steel Corp.'s Gary Works in Indiana will be the site of a study exploring the capture of carbon dioxide emissions from the air and storing them in concrete as a way to help reduce air pollution and battle the climate crisis.

Benzinga

BMO Capital & Credit Suisse Slash United States Steel Price Target - Read Why

BMO Capital analyst David Gagliano lowered the price target on United States Steel Corp (NYSE:X) to $23 (an upside of 15.5%) from $30 while maintaining the Market Perform rating on the shares. X provided its 'mid-quarter' update yesterday and mentioned that it expects 2Q22 EBITDA of $1.6 billion, vs. BMO/FactSet consensus of $1.5 billion. Related: United…

Benzinga

Why United States Steel Shares Are Rising

United States Steel Corporation (NYSE: X) shares are trading higher by 5.06% to $20.57 after the company issued second-quarter adjusted EPS guidance above estimates.

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Benzinga

In Case Goldman Sachs Is Right About U.S. Steel: It's Been A Top Name For Us Recently, But Goldman Reiterated Its Sell Rating On U.S. Steel This Week.

U.S. Steel: A Recent Top Name

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