Japan's Nippon Steel is committed to its $15 billion acquisition of U.S. Steel and is confident of completing it by year-end, a senior executive said,

With lacking growth and the deal off the table, investors should expect U.S. Steel to trade back to the mid-$20 range or lower.

Almost a year after Nippon Steel announced its takeover plan, hefty political hurdles remain. President-elect Donald Trump this week repeated his opposition to the sale of U.S. Steel, saying he’d instead use tariffs and tax incentives to revitalize the American steelmaker.

U.S. Steel has warned that without the Nippon Steel investment, it could close mills and move its headquarters from Pittsburgh.

U.S. President-elect Donald Trump said on Monday a series of tax incentives and tariffs will make U.S. Steel strong again, as he reiterated his opposition to Nippon Steel's planned purchase of the company.

United States Steel Corporation's (NYSE: X) stock is moving lower Tuesday from continued momentum following statements made by President-elect Donald Trump on Truth Social on Monday. Here's what you need to know.

Trump wrote in a post on Truth Social that he is “totally against” the sale of the Pittsburgh-based company to Nippon Steel of Japan.

President-elect Donald Trump said he would block the proposed acquisition of U.S. Steel by the Japanese Company Nippon Steel. President Biden is yet to decide on the sale that has faced bipartisan pushback since the $15 billion deal was announced.

President-elect Donald Trump vowed on Monday to block Nippon Steel's purchase of U.S. Steel, saying on social media he would make the once iconic company "strong and great again."

The Japanese steelmaker has promised not to transfer any U.S. Steel production capacity or jobs outside the United States. It has also said it would not interfere in any of U.S. S