에 대한 최신 뉴스 United States Steel (NYSE:X) 주식

United States Steel

United States Steel Corp operates primarily in the United States but also has a steelmaking capacity in Slovakia. The company's operating segments include North American Flat-Rolled (Flat-Rolled), Mini Mill, U. S. Steel Europe (USSE), and Tubular Products (Tubular). The Flat-Rolled segment includes U. S. Steel's integrated steel plants and equity investees in North America involved in the production of slabs, strip mill plates, sheets, and tin mill products, as well as all iron ore and coke production facilities in the United States. It primarily serves North American customers in the service center, conversion, transportation, construction, container, and appliance, and electrical markets.

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2024년 5월 31일 주요 뉴스: 프랭크 R. 크루즈(Frank R. Cruz)의 법률 사무소에서는 잠재적인 연방 증권법 위반 여부에 대해 U.S. 스틸 (NYSE:X)을 조사하고 있다.

금요일 주요 광업 뉴스: U.S. 스틸, 카이저 알루미늄, 커머셜 메탈스, 골드 로열티

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RDUS

USGO

2024년 5월 30일 주요 뉴스:1. U.S. 스틸(NYSE:X)와 일본제철(Nippon Steel)은 제안된 거래에 대해 미국 외 국가들의 모든 필요한 규제 승인을 모두 받았다. 이러한 승인은 EU, 멕시코, 세르비아, 슬로바키아, 터키 및 영국을 포함한 다양한 국제 경쟁 당국들으로부터 나왔다.

목요일 주요 광업 뉴스: U.S. 스틸, BHP-앵글로 아메리칸 합의 실패,  U.S. 골드마이닝 등

2024년 5월 24일 주요 이슈: 클리블랜드 클리프(NYSE:CLF): 클리블랜드에 본사를 둔 이 철강 생산업체는 이전 목표를 예정보다 일찍 달성한 후 새로운 온실가스(GHG) 배출 감소 목표를 발표했다.

금요일 주요 광업 뉴스: 클리블랜드 클리프스, U.S. 스틸, 앵글로 아메리칸, 헤클라 마이닝

United States Steel Corporation Common Stock

United States Steel Corp

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Deep-pocketed investors have adopted a bearish approach towards United States Steel (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in X usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 17 extraordinary options activities for United States Steel. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 41% leaning bullish and 52% bearish. Among these notable options, 13 are puts, totaling $1,496,460, and 4 are calls, amounting to $133,520.
<h3>What's The Price Target?</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $25.0 to $52.5 for United States Steel during the past quarter. 
<h3>Analyzing Volume &amp; Open Interest</h3>
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in United States Steel's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to United States Steel's substantial trades, within a strike price spectrum from $25.0 to $52.5 over the preceding 30 days.
<h3>United States Steel Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727972422_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>X</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$9.2</td>
<td>$9.0</td>
<td>$9.2</td>
<td>$40.00</td>
<td>$183.9K</td>
<td>5.6K</td>
<td style="text-align: right;">802</td>
</tr>
<tr>
<td>X</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$9.2</td>
<td>$9.0</td>
<td>$9.2</td>
<td>$40.00</td>
<td>$183.9K</td>
<td>5.6K</td>
<td style="text-align: right;">602</td>
</tr>
<tr>
<td>X</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$9.2</td>
<td>$9.0</td>
<td>$9.2</td>
<td>$40.00</td>
<td>$183.9K</td>
<td>5.6K</td>
<td style="text-align: right;">402</td>
</tr>
<tr>
<td>X</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$16.75</td>
<td>$15.6</td>
<td>$15.9</td>
<td>$50.00</td>
<td>$157.4K</td>
<td>7.3K</td>
<td style="text-align: right;">101</td>
</tr>
<tr>
<td>X</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$16.0</td>
<td>$15.6</td>
<td>$16.0</td>
<td>$50.00</td>
<td>$156.8K</td>
<td>7.3K</td>
<td style="text-align: right;">100</td>
</tr>
</tbody>
</table>

<h3>About United States Steel</h3>
United States Steel Corp operates primarily in the United States but also has a steelmaking capacity in Slovakia. The company's operating segments include North American Flat-Rolled (Flat-Rolled), Mini Mill, U. S. Steel Europe (USSE), and Tubular Products (Tubular). The Flat-Rolled segment includes U. S. Steel's integrated steel plants and equity investees in North America involved in the production of slabs, strip mill plates, sheets, and tin mill products, as well as all iron ore and coke production facilities in the United States. It primarily serves North American customers in the service center, conversion, transportation, construction, container, and appliance, and electrical markets.
<h3>Present Market Standing of United States Steel</h3>
<ul>
<li>With a volume of 768,153, the price of X is up 0.9% at $34.91. </li>
<li>RSI indicators hint that the underlying stock may be approaching overbought.</li>
<li>Next earnings are expected to be released in 21 days.</li>
</ul>
<h3>Professional Analyst Ratings for United States Steel</h3>
3 market experts have recently issued ratings for this stock, with a consensus target price of $40.52333333333333.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Consistent in their evaluation, an analyst from Jefferies keeps a Buy rating on United States Steel with a target price of $41. 
&#x2A; Showing optimism, an analyst from GLJ Research upgrades its rating to Buy with a revised price target of $38. 
&#x2A; Showing optimism, an analyst from JP Morgan upgrades its rating to Overweight with a revised price target of $42. 
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for United States Steel with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Options

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This Is What Whales Are Betting On United States Steel

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Economics

Senator Warren Says No Need For U.S. Steel To Sell To Foreign-Owned Entity

U.S. Steel Says Does Not Expect "Significant Impacts" From U.S. Port Strike

<a href="https://www.youtube.com/watch?v=MzTZCQNj5W8" title="https://www.youtube.com/watch?v=MzTZCQNj5W8">https://www.youtube.com/watch?v=MzTZCQNj5W8</a>

Trading Ideas

Biden Says He Hasn't Changed His Stance On US Steel

Democratic presidential candidate Kamala Harris emphasized the importance of maintaining domestic control over steel production, even if it results in job losses. 
What Happened: Harris stated during an interview with <a href="https://www.youtube.com/watch?v=36ovmQj7gbQ">MSNBC</a>, that keeping American manufacturing of steel by American workers is crucial. 
"It's most important that we maintain America's ability to have American manufacturing of steel by American workers," Harris said.
"An American company manufacturing that steel for those new industries is going to be critically important, not only in terms of our economy, but also in the context of national security," Harris continued.
This comes in response to a proposed $14.1 billion deal for Nippon Steel Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NISTF#OTC">NISTF</a>) to acquire United States Steel Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>). Harris highlighted her economic policy, which includes investing in sectors like bio-manufacturing, aerospace, AI, blockchain, and nuclear energy, all requiring domestic steel production.
U.S. Steel CEO David Burritt previously told the Wall Street Journal that the company might have to shut down plants and relocate its headquarters from Pittsburgh if the deal does not go through. However, Harris argued that American-made steel is vital for the economy and national security.
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
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<iframe loading="lazy" title="Kamala Harris' first solo network interview as 2024 candidate I MSNBC Exclusive" width="500" height="281" src="https://www.youtube.com/embed/36ovmQj7gbQ?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
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Harris&#8217; comments are among the most detailed explanations from the Biden administration regarding their stance on the acquisition. She met with steel workers in Pittsburgh, whose union opposes the deal. An arbitration panel recently sided with U.S. Steel in a labor dispute related to the deal, but other hurdles remain, including a review by the Committee on Foreign Investment in the United States.
See Also: <a href="https://www.benzinga.com/news/24/09/40950674/data-scientist-who-called-2020-election-correctly-says-its-gone-from-drastic-landslide-in-trumps-dir?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Data Scientist Who Called 2020 Election Correctly Says Its Gone From &#8216;Drastic Landslide In Trump&#8217;s Direction To A drastic landslide For Harris&#8217;</a>
Why It Matters: The arbitration panel&#8217;s decision in favor of Nippon Steel Corp. was a significant development in the $14.9 billion acquisition of United States Steel Corp. The panel, selected by both the company and the United Steelworkers (USW) union, <a href="https://www.benzinga.com/markets/equities/24/09/41038172/amid-resistance-from-harris-and-trump-nippon-steel-scores-favorable-arbitration-ruling-in-14-9b-">determined that U.S. Steel</a> had met all conditions of the successorship clause in its labor agreement with the USW. Despite this ruling, the union remains opposed to the acquisition.
Earlier this month, Dave McCall, President of the United Steelworkers, <a href="https://www.benzinga.com/markets/equities/24/09/40846637/kamala-harris-opposed-14-1b-nippon-steel-acquisition-of-us-steel-labeled-by-united-steelworkers-">expressed strong opposition </a>to the deal. In a memo to the White House, he criticized US Steel executives for attempting to divide union members and retirees to gain personal financial benefits from the acquisition.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/09/41022725/trump-vs-harris-vice-presidents-favorability-hits-record-high-but-faces-setback-on-this-key-election?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump Vs. Harris: Vice President&#8217;s Favorability Hits Record High, But Faces Setback On This Key Election Issue</a></li>
</ul>
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Pooja-Rajkumari" target="_blank" rel="noreferrer noopener">Pooja Rajkumari</a>

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General

NISTF

Amid Nippon-US Steel Debacle, Kamala Harris Stresses Importance Of US Steel Production, Even If It Means Job Losses: 'Critically Important, Not Only In Terms Of Our Economy, But Also In The Context Of National Security'

Vice President Kamala Harris has vowed to establish a national stockpile of critical minerals, citing their importance for economic and national security. This initiative forms part of her broader $100 billion industrial policy proposal, unveiled Wednesday, which includes various measures to strengthen the <a target="_blank" href="https://www.benzinga.com/topic/us-economy" rel="noreferrer noopener">U.S. economy</a>.
Harris's &#8220;America Forward&#8221; agenda aims to reduce the U.S. <a target="_blank" href="https://www.benzinga.com/markets/commodities/24/04/38114381/critical-minerals-race-heats-up-us-eu-challenge-chinas-dominance" rel="noreferrer noopener">reliance on foreign sources</a>, particularly China, for these crucial resources. The strategy proposes new incentives, including tax credits, and potentially invoking the Defense Production Act to boost domestic processing capabilities.
As reported by Bloomberg, Kamala Harris&#8217; campaign stated that enhanced domestic production and other sustainable initiatives would strengthen critical mineral supply chains with allies and partners. This includes encouraging investments that boost the production of these resources in the U.S. and among allied countries.
Critical minerals, including lithium, cobalt, and rare earth elements, are essential for modern technology and defense applications. These materials are indispensable for producing electric vehicle batteries, semiconductors, and military equipment. China currently dominates the global processing of many minerals, posing a strategic vulnerability for the U.S. As demand for clean energy and advanced technology grows, securing a steady supply of these minerals has become a top priority.
President Biden's administration has already <a target="_blank" href="https://www.benzinga.com/markets/esg/24/03/37914506/bidens-475m-for-mining-aims-to-power-communities-hit-hardest-by-our-evolving-energy-landscape" rel="noreferrer noopener">made significant strides</a> in addressing this issue. Through initiatives like Executive Order 14017, Biden ordered a comprehensive review of critical mineral supply chains, leading to billions in investments to strengthen domestic capabilities. Since Biden took office, more than $120 billion has been committed to building battery and critical mineral supply chains, creating over 250,000 energy jobs, and ensuring future demand for essential materials like lithium and cobalt is met.
Despite these efforts, the U.S. mining sector still needs to overcome significant challenges. Domestic mining projects take <a target="_blank" href="https://www.benzinga.com/news/24/07/39870803/us-mine-development-delays-among-worlds-longest-second-only-to-zambia" rel="noreferrer noopener">nearly 29 years </a>to move from discovery to production, according to a study from S&amp;P Global published in July.
This timeline is significantly longer than in countries like Canada and Australia, where litigation risks and regulatory hurdles are much lower. These factors have slowed progress and discouraged private-sector investment in U.S. mining ventures.
Still, the push to increase domestic production of critical minerals has gained bipartisan support, as Republicans and Democrats recognize its strategic importance.
Thus, regardless of the outcome of the upcoming election, the U.S. will likely continue prioritizing critical mineral production, securing the nation's needs for the energy transition.
Read Next: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/09/41038172/amid-resistance-from-harris-and-trump-nippon-steel-scores-favorable-arbitration-ruling-in-14-9b-" rel="noreferrer noopener">Amid Resistance From Harris And Trump, Nippon Steel Scores Favorable Arbitration Ruling In $14.9B US Steel Acquisition Deal</a>
Benzinga Mining is the bridge between mining companies and retail investors. Reach out to <a href="mailto:licensing@benzinga.com" target="_blank" rel="noreferrer noopener">licensing@benzinga.com</a> to get started!
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PPTA

Harris Vows To Push 'America Forward,' Stockpile Critical Minerals

An arbitration board has ruled in favor of Nippon Steel Corp (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NPSCY#OTC">NPSCY</a>) in <a href="https://www.benzinga.com/m-a/24/09/40907796/us-steel-ceo-confident-nippon-deal-will-succeed-despite-biden-opposition-we-live-by-a-code">its $14.9 billion acquisition</a> of United States Steel Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>). The decision was announced on Wednesday.
What Happened: The arbitration panel, chosen by both the company and the United Steelworkers (USW) union, determined that U.S. Steel had met all conditions of the successorship clause in its labor agreement with the USW. Reuters reported that the USW remains opposed to the deal despite this ruling.
&#8220;The arbitrators accepted at face-value Nippon Steel&#8217;s statement that it would assume the Basic Labor Agreement,&#8221; the USW stated. However, the union&#8217;s opposition to the acquisition remains unchanged.
Nippon Steel expressed its commitment to maintaining a productive relationship with the USW, emphasizing that its commitments extend beyond the current labor agreement. 
The deal, initially signed last December, has faced political resistance, with both Democratic candidate Kamala Harris and Republican challenger Donald Trump advocating for U.S. Steel to remain American-owned.
See Also: <a href="https://www.benzinga.com/markets/equities/24/09/40973189/teslas-chinese-rival-byd-plans-to-assemble-evs-in-pakistan-after-india-said-no-we-have-big-ambit?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla&#8217;s Chinese Rival BYD Plans To Assemble EVs In Pakistan After India Said No: &#8216;We Have Big Ambitions&#8217;</a>
Nippon Steel aims to finalize the acquisition by the end of December, pending regulatory approval. The company has resubmitted its application to the U.S. national security panel, delaying the decision until after the Nov. 5 presidential election.
Why It Matters: The arbitration board&#8217;s decision is a significant milestone in the ongoing Nippon Steel&#8217;s $14.9 billion acquisition of U.S. Steel. The deal has been under intense scrutiny, particularly from <a href="https://www.benzinga.com/government/24/09/40922003/us-steel-merger-faces-post-election-decision-as-national-security-fears-stall-nippon-deal">the U.S. national security panel</a>, which has postponed its decision until after the presidential election due to concerns over national security and the steel supply chain.
Political figures such as Harris and Trump have voiced their opposition to the acquisition, arguing that U.S. Steel should <a href="https://www.benzinga.com/markets/equities/24/09/40912183/amid-trump-and-harris-opposition-to-nippon-steels-14b-bid-for-us-steel-national-security-panel-t">remain American-owned</a>. This political resistance adds another layer of complexity to the deal. 
Despite these challenges, U.S. Steel CEO David Burritt remains <a href="https://www.benzinga.com/m-a/24/09/40907796/us-steel-ceo-confident-nippon-deal-will-succeed-despite-biden-opposition-we-live-by-a-code">optimistic about the merger&#8217;s success</a>. He believes that the deal will benefit both shareholders and employees, and he is confident that it will pass the Committee on Foreign Investment in the United States (CFIUS) scrutiny. 
U.S. Steel has also been performing well despite global challenges, with strong domestic demand and positive earnings guidance for the <a href="https://www.benzinga.com/markets/equities/24/09/40945504/u-s-steel-powers-through-pricing-pressures-domestic-demand-holds-strong-despite-global-challenge">third quarter of 2024</a>. 
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Image Via Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

NPSCY

Amid Resistance From Harris And Trump, Nippon Steel Scores Favorable Arbitration Ruling In $14.9B US Steel Acquisition Deal

Macro Notification

Politics

VP Harris Says We Will Offer Tax Credits For Expanding Good Steel And Iron Manufacturing Investment; Says She Wants To Prioritize Investments In Strengthening Factory And Retooling Existing Factories

USW Says We Disagree With Result Of Board Of Arbitration's Decision Over Grievances Against U.S. Steel; "Nippon's Commitment To Our Facilities And Jobs Remains Uncertain As Ever"

<a href="https://www.usw.org/uss-nippon/USW_USSteelletter09-25-2024.pdf?_ga=2.249048071.1408710584.1727275220-853304844.1727275220&amp;_gl=1*46etcf*_ga*ODUzMzA0ODQ0LjE3MjcyNzUyMjA.*_ga_CTDGT700L2*MTcyNzI3NTIxOS4xLjAuMTcyNzI3NTIxOS42MC4wLjA" title="https://www.usw.org/uss-nippon/USW_USSteelletter09-25-2024.pdf?_ga=2.249048071.1408710584.1727275220-853304844.1727275220&amp;_gl=1*46etcf*_ga*ODUzMzA0ODQ0LjE3MjcyNzUyMjA.*_ga_CTDGT700L2*MTcyNzI3NTIxOS4xLjAuMTcyNzI3NTIxOS42MC4wLjA">https://www.usw.org/uss-nippon/USW_USSteelletter09-25-2024.pdf?_ga=2.249048071.1408710584.1727275220-853304844.1727275220&amp;_gl=1*46etcf*_ga*ODUzMzA0ODQ0LjE3MjcyNzUyMjA.*_ga_CTDGT700L2*MTcyNzI3NTIxOS4xLjAuMTcyNzI3NTIxOS42MC4wLjA</a>

USW Strongly Opposes Arbitration Decision On U.S. Steel Merger With Nippon Steel, Citing Threats To Jobs And Domestic Steelmaking Capacity; CFIUS Approval Still Pending Amid National Security Concerns

Watching United States Steel; Former President Donald Trump Says "We Have To Move Quickly, We Are Not Gonna Let U.S. Steel Be Sold, We're Not Gonna Let It Happen. I Will Stop It" During Press Conference In Savannah GA

Investors with a lot of money to spend have taken a bearish stance on United States Steel (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with X, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 19 uncommon options trades for United States Steel.
This isn't normal.
The overall sentiment of these big-money traders is split between 36% bullish and 57%, bearish.
Out of all of the special options we uncovered, 7 are puts, for a total amount of $267,782, and 12 are calls, for a total amount of $560,621.
<h3>Predicted Price Range</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $35.0 to $50.0 for United States Steel over the recent three months. 
<h3>Volume &amp; Open Interest Development</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for United States Steel's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across United States Steel's significant trades, within a strike price range of $35.0 to $50.0, over the past month.
<h3>United States Steel Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727193652_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>X</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$2.2</td>
<td>$1.88</td>
<td>$1.88</td>
<td>$39.00</td>
<td>$153.5K</td>
<td>2.3K</td>
<td>1.0K</td>
</tr>
<tr>
<td>X</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$1.2</td>
<td>$1.02</td>
<td>$1.15</td>
<td>$40.00</td>
<td>$57.5K</td>
<td>17.1K</td>
<td>1.2K</td>
</tr>
<tr>
<td>X</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>10/18/24</td>
<td>$0.65</td>
<td>$0.56</td>
<td>$0.6</td>
<td>$35.00</td>
<td>$52.4K</td>
<td>23.4K</td>
<td>1.0K</td>
</tr>
<tr>
<td>X</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$1.92</td>
<td>$1.9</td>
<td>$1.91</td>
<td>$39.00</td>
<td>$46.5K</td>
<td>2.3K</td>
<td>1.3K</td>
</tr>
<tr>
<td>X</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$9.9</td>
<td>$9.6</td>
<td>$9.9</td>
<td>$45.00</td>
<td>$45.5K</td>
<td>52.2K</td>
<td>76</td>
</tr>
</tbody>
</table>

<h3>About United States Steel</h3>
United States Steel Corp operates primarily in the United States but also has a steelmaking capacity in Slovakia. The company's operating segments include North American Flat-Rolled (Flat-Rolled), Mini Mill, U. S. Steel Europe (USSE), and Tubular Products (Tubular). The Flat-Rolled segment includes U. S. Steel's integrated steel plants and equity investees in North America involved in the production of slabs, strip mill plates, sheets, and tin mill products, as well as all iron ore and coke production facilities in the United States. It primarily serves North American customers in the service center, conversion, transportation, construction, container, and appliance, and electrical markets.
After a thorough review of the options trading surrounding United States Steel, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Present Market Standing of United States Steel</h3>
<ul>
<li>Trading volume stands at 2,096,857, with X's price down by -0.73%, positioned at $38.33.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 30 days.</li>
</ul>
<h3>Professional Analyst Ratings for United States Steel</h3>
In the last month, 3 experts released ratings on this stock with an average target price of $40.52333333333333.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from Jefferies persists with their Buy rating on United States Steel, maintaining a target price of $41. 
&#x2A; In a positive move, an analyst from JP Morgan has upgraded their rating to Overweight and adjusted the price target to $42. 
&#x2A; An analyst from GLJ Research upgraded its action to Buy with a price target of $38. 
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for United States Steel with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

United States Steel Unusual Options Activity

Watching U.S. Steel, CEO David B. Burritt Live On CNBC Discussing Possible Merger With Nippon Steel Corp.

U. S. Steel's Big River Steel, located in Osceola, Arkansas, passed a rigorous set of standards in environmental, social, and governance categories that raise the bar for sustainability across the steel supply chain.
United States Steel Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>) ("U. S. Steel") today announced it is the first steel company in the world to qualify to sell its products as ResponsibleSteel Certified Steel at its Big River facility in Osceola, Arkansas. Big River received the first ResponsibleSteel Site Certification in North America in 2022 and is once again at the forefront of innovation by achieving certification for sustainably sourced and manufactured steel.

U.S. Steel Earns World's First Ever Certification For ResponsibleSteel Certified Steel At Its Big River Steel Operation

United States Steel Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>) shares <a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/b40936984/united-states-steel-corporation-provides-third-quarter-2024-guidance" rel="noreferrer noopener">are trading higher on Thursday.</a>
The company&nbsp;provided third-quarter 2024 adjusted net earnings per share guidance of $0.44 to<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener"> $0.48 versus an estimate of $0.39.</a>
In the third quarter of&nbsp;2024, adjusted EBITDA is expected to be approximately $300 million, compared to the prior outlook range of&nbsp;$275 million&nbsp;to $325 million. In the second quarter, <a target="_blank" href="https://www.benzinga.com/pressreleases/24/08/b40114614/united-states-steel-corporation-reports-second-quarter-2024-results" rel="noreferrer noopener">adjusted EBITDA was $443 million.</a>
&#8220;Adjusted EBITDA guidance of $300 million is in-line with our prior third quarter outlook and reflects resilient domestic flat-rolled steel demand amid a bottoming steel pricing environment,&#8221; said President and Chief Executive Officer David B. Burritt.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/cryptocurrency/24/09/40944143/wall-street-breaks-records-chipmakers-rally-tesla-hits-2-month-high-as-fed-cut-drives-risk" rel="noreferrer noopener">Wall Street Breaks Records, Chipmakers Rally, Tesla Hits 2-Month High As Fed Cut Drives Risk-On Mode: What&#8217;s Driving Markets Thursday?</a>
The CEO noted that challenging pricing dynamics are being somewhat mitigated by the diverse order books in the North American Flat-Rolled segment.
However, he mentioned that Europe is experiencing softening demand, leading to the temporary idling of Blast Furnace #1 after a planned 30-day outage due to weak customer demand.
Additionally, the CEO highlighted ongoing pressure in the Tubular segment from a weak pricing environment.
The CEO also indicated that pricing headwinds are anticipated to be partially alleviated by lower metallics costs. He also mentioned that about $40 million in expected start-up and one-time construction costs are factored into the segment&#8217;s adjusted results, primarily reflecting the new Big River 2 mini mill, which is expected to begin operations in the fourth quarter of 2024.
Burritt concluded, &#8220;We continue to progress through the U.S. regulatory reviews of the pending transaction with Nippon Steel, and are confident in our ability to achieve these approvals. We continue to work towards closing the transaction by the end of the year.&#8221;
Price Action: X shares are trading higher by 2.47% to $37.69 at last check Thursday.
Photo by Dennis Diatel on Shutterstock
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</ul>

Guidance

Movers

U.S. Steel Powers Through Pricing Pressures, Domestic Demand Holds Strong Despite Global Challenges

United States Steel Says Challenging Pricing Dynamics Are Being Offset In Part By The Benefits Of Balanced And Diverse Order Books In The North American Flat-Rolled Segment In Europe, Co. Says Experiencing A Softening Demand Environment

United States Steel Sees Q3 Adj. EPS $0.44-$0.48, Adj. EBITDA ~$300M

United States Steel's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>) short percent of float has risen 7.42% since its last report. The company recently reported that it has 19.70 million shares sold short, which is 8.83% of all regular shares that are available for trading. Based on its trading volume, it would take traders 5.62 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>United States Steel Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726692310_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for United States Steel has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing United States Steel's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, United States Steel's peer group average for short interest as a percentage of float is 4.81%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

(X) - Analyzing United States Steel's Short Interest

White House Says Process For Review Of Japan's Nippon Proposed Purchase Of U.S. Steel Is Ongoing, We Know Of No Delay Or Extension

The U.S. national security panel, tasked with reviewing Nippon Steel&#8216;s (OTCPK: NISTF) $14.9 billion bid for U.S. Steel (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>), is delaying its decision until after the <a href="https://www.benzinga.com/topic/2024-presidential-election">Nov. 5 presidential election.</a>
According to Reuters, sources familiar with the matter said that the sensitive merger decision will wait until the biggest political event of the year, giving the companies some breathing room and a chance to address concerns.
The pause might be politically advantageous, pushing the final decision past a heated election period. It also opens the door for further discussions, potentially easing the seemingly stalled transaction.
In late August, the Committee on Foreign Investment in the United States (CFIUS) raised concerns, highlighting that the merger could disrupt the steel supply chain critical to U.S. industries like transportation and defense.
Founded in 1901, U.S. Steel became the first company in U.S. history to reach a market value of $1 billion. At its peak, U.S. Steel was the world's largest steel producer and played a significant role in building the nation's infrastructure. Although its market cap has declined to around $8 billion after peaking earlier this century, U.S. Steel remains a key player in the American industrial sector.
Also Read: <a href="https://www.benzinga.com/news/24/09/40919822/small-cap-sectors-brace-for-fed-rate-cut-financials-real-estate-etfs-offer-compelling-plays-for-inve">Small-Cap Sectors Brace For Fed Rate Cut: Financials, Real Estate ETFs Offer Compelling Plays For Investors</a>
The CFIUS worried that under foreign ownership, U.S. Steel would be less likely to advocate for tariffs against cheap steel imports, particularly from China. However, the delay in CFIUS&#8217;s final ruling allows the companies to refile and extend the review process by 90 days.
Still, political opposition to the matter has been bipartisan. In a rare unified opposition, President<a href="https://www.benzinga.com/m-a/24/09/40724057/biden-administration-reportedly-warns-nippon-steels-14-9b-acquisition-of-us-steel-poses-national-sec"> Joe Biden</a>, Former President Donald Trump, and Vice President Kamala Harris have all<a href="https://www.benzinga.com/government/24/09/40808813/after-kamala-harris-said-us-steel-should-remain-american-owned-nippon-steels-takahiro-mori-reportedl"> criticized the merger</a>, citing concerns over national security and the potential foreign control of a strategic asset.
Yet, U.S. Steel CEO David Burritt remains optimistic. At the Detroit Economic Club on Tuesday, he expressed confidence that the merger would go through<a href="https://www.benzinga.com/m-a/24/09/40907796/us-steel-ceo-confident-nippon-deal-will-succeed-despite-biden-opposition-we-live-by-a-code"> despite these obstacles</a>.
"I know it&#8217;s getting scrutiny, but this deal will close on its merits. We live by a code and expect others to do the same," he said.
The merger deal values U.S. Steel at $55 per share, giving the deal a price tag of $14.9 billion and a significant premium over the current $8.3 billion market cap.
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Photo: Dennis Diatel/Shutterstock.com

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