tiprankstipranks
Trending News
More News >

U.S. Steel and Nippon Steel Await Court Decision

Story Highlights
  • United States Steel entered a merger with Nippon Steel, later prohibited by President Biden.
  • CFIUS review and ongoing discussions aim to resolve the merger issue, with litigation abeyance extended.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
U.S. Steel and Nippon Steel Await Court Decision

Confident Investing Starts Here:

United States Steel ( (X) ) has issued an update.

On December 18, 2023, United States Steel Corporation entered into a merger agreement with Nippon Steel North America, but the transaction was prohibited by President Biden on January 3, 2025. Subsequently, a lawsuit was filed challenging the decision. Following a Presidential Memorandum by President Trump on April 6, 2025, the Committee on Foreign Investment in the United States (CFIUS) was directed to review the transaction, leading to ongoing discussions to resolve the issue. As of June 5, 2025, the U.S. Department of Justice filed a motion to extend the litigation abeyance, with the company and Nippon Steel consenting to the motion, pending court approval.

The most recent analyst rating on (X) stock is a Hold with a $35.00 price target. To see the full list of analyst forecasts on United States Steel stock, see the X Stock Forecast page.

Spark’s Take on X Stock

According to Spark, TipRanks’ AI Analyst, X is a Neutral.

The company’s stock score is primarily weighed down by valuation concerns and corporate uncertainties arising from legal challenges related to a blocked merger. While technical analysis shows some positive momentum, caution is advised due to overvaluation and potential market corrections.

To see Spark’s full report on X stock, click here.

More about United States Steel

United States Steel Corporation operates in the steel industry, providing a wide range of steel products and services. The company focuses on delivering high-quality steel solutions to various sectors, including construction, automotive, and energy.

Average Trading Volume: 8,477,316

Technical Sentiment Signal: Buy

Current Market Cap: $12.17B

Learn more about X stock on TipRanks’ Stock Analysis page.

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.

Report an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App