---
title: "What's Going On With United States Steel Shares Monday?"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/224805079.md"
description: "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."
datetime: "2025-01-13T20:11:55.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/224805079.md)
  - [en](https://longbridge.com/en/news/224805079.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/224805079.md)
---

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# What's Going On With United States Steel Shares Monday?

**United States Steel Corp.** X stock is trading higher Monday following a report that **Cleveland-Cliffs Inc.** CLF will partner with **Nucor Corp.** NUE to make a potential bid to acquire the company.

**The Details:** According to CNBC, Cleveland-Cliffs plans to make a bid to acquire U.S. Steel in an all-cash deal, valuing the company at over $30 per share. As part of the planned deal, U.S. Steel’s headquarters would remain in Pittsburgh and Cleveland-Cliffs would subsequently sell the **Big River Steel** subsidiary to Nucor.

Japanese-owned **Nippon** proposed a $14.9-billion takeover deal at the end of 2023, under which the company would purchase U.S. Steel for $55 per share. The deal was blocked by the Biden administration following a review by the Committee on Foreign Investment in the United States (CFIUS).

President **Joe Biden** has made it clear that he believes U.S. Steel should remain American-owned. He has also cited national security concerns and emphasized the importance of a strong domestic steel industry.

Nippon is now suing the Biden administration over the decision to block the acquisition. Additionally, Nippon and U.S. Steel have filed lawsuits against Cleveland-Cliffs, its CEO **Lourenco Goncalves** and United Steelworkers President **David McCall**, accusing them of conspiring to prevent the deal.

Cleveland-Cliffs is reportedly considering making an offer in the high $30s per share. U.S. Steel shares jumped more than 8% on the news before pulling back slightly.

**See Also: Stock Of The Day: Will Mondelez Rally? There’s A Chance The Selloff Will End**

**X Price Action**: At the time of writing, U.S. Steel shares were up 6.16% at $36.37, according to data from Benzinga Pro.

_Image via Shutterstock_.

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