Nippon Steel's vice chairman plans to return to the United States next week again to discuss its proposed acquisition of U.S. Steel, a company spokesperson said on Wednesday. The planned visit by Takahiro Mori, the Japanese firm's key negotiator for the deal, follows trips to the U.S. in May and June, highlighting the importance of the $15 billion takeover offer to the world's No. 4 steelmaker. U.S. Steel's management has backed the bid but the deal faces resistance from the White House and the powerful United Steelworkers (USW) union.
PITTSBURGH, June 26, 2024--U. S. Steel has been named a Vibrant Index 5.0 Champion by Vibrant Pittsburgh in recognition of its diversity, equity and inclusion leadership.
BMO analyst Katja Jancic upgraded the steelmaker to Buy from Hold. Her price target went to $45 from $43 a share.