Market
What strategic direction will U.S. Steel take by end of 2025?
2
Resolution / Starting Odds
Seeks another foreign investor • 25%
Focuses on domestic growth • 25%
Undergoes restructuring • 25%
Merges with another U.S. company • 25%
Official announcements from U.S. Steel and credible news sources
Story
Biden Blocks Nippon Steel's $14.9B U.S. Steel Deal; Nippon to Sue
Jan 4, 2025, 03:25 AM
President Joe Biden has blocked Nippon Steel's proposed $14.9 billion acquisition of U.S. Steel, citing national security concerns. Nippon Steel plans to sue the U.S. government over the decision, calling it a "violation of due process and the law." Japan's industry minister Yoji Muto expressed disappointment, labeling the decision as "incomprehensible" and "regrettable." U.S. Steel's CEO David B. Burritt criticized the move as a "political" action that harms American workers and the steel industry, describing it as "corrupt." Following the announcement, U.S. Steel's shares fell 6.5% in the market. Conversely, the United Steelworkers union praised the decision, stating it was the "right action" for its members and national security. The blocking of the deal has raised concerns about U.S.-Japan relations and has been viewed by experts as a step away from globalization, potentially deterring foreign investment in the U.S. The future of U.S. Steel now appears uncertain, with potential job losses and financial challenges looming without the investment from Nippon Steel.
View original story
Similar markets
Focus on domestic expansion • 25%
Seek another merger/acquisition • 25%
Other strategic direction • 25%
Undergo restructuring • 25%
Other • 25%
Focus on internal growth • 25%
Partnership with another company • 25%
Seek another buyer • 25%
Increased profitability • 25%
Significant restructuring • 25%
Status quo • 25%
Decreased profitability • 25%
Acquired by a U.S. company • 25%
Other • 25%
Acquired by a foreign company • 25%
Remains independent • 25%
Other • 25%
Increased capacity • 25%
No significant change • 25%
Decreased capacity • 25%
Moves to a different U.S. city • 25%
Remains in Pittsburgh • 25%
Moves outside the U.S. • 25%
No change announced • 25%
Break-even • 25%
Profit increase • 25%
Profit decrease • 25%
Loss reported • 25%
Acquired by another U.S. entity • 25%
Owned by Nippon Steel • 25%
Remains independent • 25%
Acquired by another foreign entity • 25%