The steel producer is under a formal review process after “receiving multiple unsolicited proposals” for both specific assets and the entire firm, the release announced. “U.S. Steel’s Board and management team are committed to maximizing value for our stockholders, and to that end, we have commenced a comprehensive and thorough review of strategic alternatives,” David Burritt, U.S. Steel’s CEO, said in a statement.
Shares of US Steel Corp have dropped more than 24% in the last five years. The company and the rest of the domestic steel industry were supposed to get help from a 25% tariff on steel imports put in place in 2018 by the Trump administration. While it helped temporarily lift prices as domestic steelmakers no longer had to worry about as much competition from low-priced steel from China and other locations, the positive shift was short-lived.
Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
US wholesale inflation rose more than expected in July | CNN BusinessUS wholesale inflation rose more than expected in July, reversing a yearlong cooling trend, the Bureau of Labor Statistics reported Friday.
Herkunft: CNN - 🏆 4. / 95 Weiterlesen »
Regulators give green light to driverless taxis in San Francisco | CNN BusinessCalifornia regulators gave approval Thursday to two rival robotaxi companies, Cruise and Waymo, to operate their driverless cars 24/7 across all of San Francisco and charge passengers for their services.
Herkunft: CNN - 🏆 4. / 95 Weiterlesen »
IEA sees risk of even higher oil prices this year | CNN BusinessOil prices have soared about 20% since late June but they could go even higher this year if the OPEC+ alliance sticks to its policy of restraining crude production, the International Energy Agency (IEA) said Friday.
Herkunft: cnni - 🏆 326. / 59 Weiterlesen »
Sam Bankman-Fried is sent to jail for alleged witness tampering | CNN BusinessA federal judge is sending FTX co-founder Sam Bankman-Fried to jail, saying there is probable cause to believe that he has attempted to tamper with witnesses
Herkunft: CNN - 🏆 4. / 95 Weiterlesen »
Sam Bankman-Fried is sent to jail over alleged witness tampering | CNN BusinessA federal judge is sending FTX co-founder Sam Bankman-Fried to jail, saying there is probable cause to believe that he has attempted to tamper with witnesses
Herkunft: cnni - 🏆 326. / 59 Weiterlesen »