What's Going On With United States Steel Shares Monday?
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United States Steel Corp. shares rose over 8% on Monday after reports that Cleveland-Cliffs Inc. plans to partner with Nucor Corp. to make a potential all-cash bid for the company, valuing it at over $30 per share. This follows a blocked $14.9 billion takeover by Nippon, which proposed $55 per share. President Biden has expressed a preference for U.S. Steel to remain American-owned, citing national security concerns. U.S. Steel shares were up 6.16% at $36.37 during trading.
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