tiprankstipranks
Stelco Eyes Bold Move to Acquire U.S. Steel (NYSE: X)
Market News

Stelco Eyes Bold Move to Acquire U.S. Steel (NYSE: X)

Story Highlights

Stelco Holdings could be eyeing a bid for U.S. Steel.

The war for U.S. Steel (NYSE: X) is heating up with Canada’s biggest steelmaker, Stelco Holdings, emerging as a potential suitor for the company, according to a Bloomberg report. The report stated that Stelco is looking to acquire the entire company as it seeks to expand its portfolio of steelmaking assets and increase its market share when it comes to being a metal supplier to the automotive sector.

Stelco could be in discussions with a potential partner for the bid, though no final decision has been made about whether the company intends to acquire U.S. Steel. Stelco’s interest in the company comes even as U.S. Steel is undertaking a review of its strategic alternatives and has rebuffed an offer from Cleveland Cleveland-Cliffs (NYSE:CLF).

What is the Future of U.S. Steel Stock?

Analysts are bearish on X stock, with a Moderate Sell rating based on five Holds and two Sells.

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More
Stelco Eyes Bold Move to Acquire U.S. Steel (NYSE: X)
News On DemandStay up-to-date on market-moving news with a feed made just for youGet the App

Trending

Name
Price
Price Change
S&P 500
Dow Jones
Nasdaq 100

Trending

Name
Price
Price Change
S&P 500
Dow Jones
Nasdaq 100
RUT
Russell 2000
TNX
10-Yr-Bond
Bitcoin

Popular Articles