United States Steel Corporation (X) Stock Price, Quote & News - Stock Analysis (2024)

Table of Contents
About X Financial Performance Analyst Forecast News United States Steel's Board of Directors “Corrects the Record” on Transaction with Nippon Steel Consulting-Specifying Engineer Announces 2024 40 Under 40 Award Winners U.S. Steel Stock Rises on New Buy Rating. The Call Has More to Do With the Economy. HBM3e Production Surge Expected to Make Up 35% of Advanced Process Wafer Input by End of 2024, Says TrendForce Nippon key negotiator to meet U.S. Steel staff in Pittsburgh, Bloomberg News reports U. S. Steel Issues 3rd Annual Diversity, Equity and Inclusion Report US Steel Stock Rises After European Approval of Sale to Nippon Steel Nippon Steel delays closing of U.S. Steel acquisition after Justice Department request United States Steel Corporation Declares Dividend United States Steel Corporation Reports First Quarter 2024 Results U. S. Steel Battery-Powered Locomotives Receive “Governor's Award for Environmental Excellence” from the Pennsylvania Department of Environmental Protection Top 4 Materials Stocks That May Explode In Q2 US Steel ‘Guaranteed' to Stay American-Owned, President Biden Says Biden to triple taxes on Chinese steel and block Japanese takeover of US Steel Biden says U.S. Steel should remain an American company Biden Goes Big on Steel. He's for Raising Tariffs and Against Japan's Bid for U.S. Steel. Biden calls for tripling tariffs on Chinese steel, probing Beijing's potential unfair trade practices in shipbuilding Buy U.S. Steel Stock. It Won't Be Stuck in Deal Limbo Forever. United States Steel Corporation to Release First Quarter 2024 Financial Results on May 2, 2024 Opposition to Nippon Steel buyout of U.S. Steel '100% because of the election': Research firm U.S. Steel shareholders vote on controversial Nippon deal U.S. Steel Shareholders Approve $14.9 Billion Nippon Steel Sale Amid Biden's Pushback U. S. Steel Stockholders Approve Transaction with Nippon Steel Corporation (NSC) U.S. Steel shareholders approve $14.9 bln buyout by Nippon Steel, Bloomberg reports U.S. Steel shareholders vote on Nippon Steel takeover: Here's what you need to know FAQs

NYSE: X · IEX Real-Time Price · USD

36.16

-0.59 (-1.61%)

At close: May 21, 2024, 4:00 PM

36.25

+0.09 (0.25%)

After-hours: May 21, 2024, 7:53 PM EDT

-1.61% (1D)

Market Cap 8.13B
Revenue (ttm) 17.74B
Net Income (ttm) 867.00M
Shares Out 224.85M
EPS (ttm) 3.47
PE Ratio 10.42
Forward PE 10.42
Dividend $0.20 (0.55%)
Ex-Dividend Date May 10, 2024
Volume 1,896,878
Open 36.50
Previous Close 36.75
Day's Range 36.09 - 36.84
52-Week Range 20.40 - 50.20
Beta 2.07
Analysts Hold
Price Target 36.19 (+0.08%)
Earnings Date May 2, 2024

About X

United States Steel Corporation produces and sells flat-rolled and tubular steel products primarily in North America and Europe. The company operates through North American Flat-Rolled (Flat-Rolled), Mini Mill, U. S. Steel Europe (USSE), and Tubular Products (Tubular) segments. The Flat-Rolled segment offers slabs, strip mill plates, sheets, and tin mill products, as well as iron ore and co*ke. This segment serves customers in the service center, conversion, transportation, automotive, construction, container, appliance, and electrical markets. ... [Read more]

Industry Steel

Sector Materials

Founded 1901

Employees 21,803

Stock Exchange NYSE

Ticker Symbol X

Full Company Profile

Financial Performance

In 2023, X's revenue was $18.05 billion, a decrease of -14.30% compared to the previous year's $21.07 billion. Earnings were $895.00 million, a decrease of -64.54%.

Financial Statements

Analyst Forecast

According to 9 analysts, the average rating for X stock is "Hold." The 12-month stock price forecast is $36.19, which is an increase of 0.08% from the latest price.

Price Target

$36.19

(0.08% upside)

Analyst Consensus: Hold

Stock Forecasts

News

United States Steel Corporation (X) Stock Price, Quote & News - Stock Analysis (1)

United States Steel's Board of Directors “Corrects the Record” on Transaction with Nippon Steel

PITTSBURGH--(BUSINESS WIRE)--The Board of Directors of U. S. Steel (NYSE: X) today published a letter in response to the “long-running misinformation campaign” regarding the pending all-cash transacti...

21 hours ago - Business Wire

United States Steel Corporation (X) Stock Price, Quote & News - Stock Analysis (2)

Consulting-Specifying Engineer Announces 2024 40 Under 40 Award Winners

CHICAGO--(BUSINESS WIRE)--Consulting-Specifying Engineer proudly announces the recipients of the 2024 40 Under 40 award. This award is given annually to 40 nonresidential building industry professiona...

21 hours ago - Business Wire

United States Steel Corporation (X) Stock Price, Quote & News - Stock Analysis (3)

U.S. Steel Stock Rises on New Buy Rating. The Call Has More to Do With the Economy.

Jefferies analyst Christopher LaFemina initiates coverage of U.S. Steel with a Buy rating and a $45 price target. He also rates Cleveland-Cliffs shares at Buy.

1 day ago - Barrons

United States Steel Corporation (X) Stock Price, Quote & News - Stock Analysis (4)

HBM3e Production Surge Expected to Make Up 35% of Advanced Process Wafer Input by End of 2024, Says TrendForce

TAIPEI, Taiwan--(BUSINESS WIRE)-- #AI--TrendForce forecasts HBM3e production will account for 35% of advanced process output by the end of 2024, driven by strong demand and profitability.

2 days ago - Business Wire

United States Steel Corporation (X) Stock Price, Quote & News - Stock Analysis (5)

Nippon key negotiator to meet U.S. Steel staff in Pittsburgh, Bloomberg News reports

Japan's Nippon Steel's vice chairman and key negotiator for the U.S. Steel deal, Takahiro Mori, will travel to Pittsburgh, Pennsylvania next week to meet with local staff and elected officials, Bloomb...

4 days ago - Reuters

United States Steel Corporation (X) Stock Price, Quote & News - Stock Analysis (6)

U. S. Steel Issues 3rd Annual Diversity, Equity and Inclusion Report

PITTSBURGH--(BUSINESS WIRE)--United States Steel Corporation (NYSE: X) (“U. S. Steel”) today issued its 3rd Diversity, Equity, and Inclusion (DE&I) Report, providing a holistic update on the company's...

6 days ago - Business Wire

United States Steel Corporation (X) Stock Price, Quote & News - Stock Analysis (7)

US Steel Stock Rises After European Approval of Sale to Nippon Steel

U.S. Steel (X) shares finished 4.3% higher at $38.04 Monday after European regulators gave their approval of Nippon Steel's $14.9 billion purchase of the American steelmaker.

15 days ago - Investopedia

United States Steel Corporation (X) Stock Price, Quote & News - Stock Analysis (8)

Nippon Steel delays closing of U.S. Steel acquisition after Justice Department request

TOKYO — Nippon Steel said Friday it has postponed the expected closing of its $14.1 billion takeover of U.S. Steel by three months after the U.S. Department of Justice requested more documentation rel...

18 days ago - Market Watch

United States Steel Corporation (X) Stock Price, Quote & News - Stock Analysis (9)

United States Steel Corporation Declares Dividend

PITTSBURGH--(BUSINESS WIRE)--United States Steel Corporation (NYSE: X) (“U. S. Steel”) announced today that its Board of Directors declared a dividend of $0.05 per share of U. S. Steel Common Stock. T...

19 days ago - Business Wire

United States Steel Corporation (X) Stock Price, Quote & News - Stock Analysis (10)

United States Steel Corporation Reports First Quarter 2024 Results

PITTSBURGH--(BUSINESS WIRE)--United States Steel Corporation (NYSE: X) reported first quarter 2024 net earnings of $171 million, or $0.68 per diluted share. Adjusted net earnings was $206 million, or ...

19 days ago - Business Wire

United States Steel Corporation (X) Stock Price, Quote & News - Stock Analysis (11)

U. S. Steel Battery-Powered Locomotives Receive “Governor's Award for Environmental Excellence” from the Pennsylvania Department of Environmental Protection

PITTSBURGH--(BUSINESS WIRE)--United States Steel Corporation (“U. S. Steel” or the “Company”) (NYSE: X) received the “Governor's Award for Environmental Excellence” from the Pennsylvania Department of...

20 days ago - Business Wire

United States Steel Corporation (X) Stock Price, Quote & News - Stock Analysis (12)

Top 4 Materials Stocks That May Explode In Q2

The most oversold stocks in the materials sector presents an opportunity to buy into undervalued companies.

Other symbols: CLFCMPNUE

25 days ago - Benzinga

US Steel ‘Guaranteed' to Stay American-Owned, President Biden Says

PresidentJoe Bidenvowed to keepUnited States Steel Corp.American-owned and called for higher tariffs on Chinese steel and aluminum as he sought to woo union workers ahead of November's election. K...

4 weeks ago - Bloomberg Markets and Finance

United States Steel Corporation (X) Stock Price, Quote & News - Stock Analysis (13)

Biden to triple taxes on Chinese steel and block Japanese takeover of US Steel

President touted plan during speech on Wednesday in Pennsylvania, where union support could prove crucial

4 weeks ago - The Guardian

United States Steel Corporation (X) Stock Price, Quote & News - Stock Analysis (14)

Biden says U.S. Steel should remain an American company

U.S. Steel should stay a U.S.-owned company, President Joe Biden said on Wednesday during remarks to steelworkers at an event in Pittsburgh.

4 weeks ago - Reuters

United States Steel Corporation (X) Stock Price, Quote & News - Stock Analysis (15)

Biden Goes Big on Steel. He's for Raising Tariffs and Against Japan's Bid for U.S. Steel.

The Administration argues that China is using unfair trade practices to flood the market.

5 weeks ago - Barrons

United States Steel Corporation (X) Stock Price, Quote & News - Stock Analysis (16)

Biden calls for tripling tariffs on Chinese steel, probing Beijing's potential unfair trade practices in shipbuilding

President Joe Biden's administration on Wednesday rolled out new measures that aim to protect U.S. industries and target China, with the effort coming as Biden is due to speak later in the day in Pitt...

Other symbols: MCHI

5 weeks ago - Market Watch

United States Steel Corporation (X) Stock Price, Quote & News - Stock Analysis (17)

Buy U.S. Steel Stock. It Won't Be Stuck in Deal Limbo Forever.

Its merger with Japan's Nippon is in doubt, but shares still look attractive.

5 weeks ago - Barrons

United States Steel Corporation (X) Stock Price, Quote & News - Stock Analysis (18)

United States Steel Corporation to Release First Quarter 2024 Financial Results on May 2, 2024

PITTSBURGH--(BUSINESS WIRE)--United States Steel Corporation (NYSE: X) (“U. S. Steel”) today announced that it will release financial results for the first quarter 2024 on Thursday, May 2, 2024, follo...

5 weeks ago - Business Wire

Opposition to Nippon Steel buyout of U.S. Steel '100% because of the election': Research firm

Timna Tanners, managing director at Wolfe Research, discusses U.S. lawmakers' opposition to the proposed $14.9 billion acquisition of U.S. Steel by Japan's Nippon Steel, saying "in a normal year, I th...

5 weeks ago - CNBC International TV

United States Steel Corporation (X) Stock Price, Quote & News - Stock Analysis (19)

U.S. Steel shareholders vote on controversial Nippon deal

Japan's Nippon Steel cleared one hurdle in acquiring U.S. Steel with a key vote on Friday even as lawmakers raise red flags about foreign ownership of an American company.

5 weeks ago - Fox Business

United States Steel Corporation (X) Stock Price, Quote & News - Stock Analysis (20)

U.S. Steel Shareholders Approve $14.9 Billion Nippon Steel Sale Amid Biden's Pushback

United States Steel announced Friday its shareholders approved the $14.1 billion sale of the company to Japan-based Nippon Steel, which has received pushback from regulators and President Joe Biden, w...

5 weeks ago - Forbes

United States Steel Corporation (X) Stock Price, Quote & News - Stock Analysis (21)

U. S. Steel Stockholders Approve Transaction with Nippon Steel Corporation (NSC)

PITTSBURGH--(BUSINESS WIRE)--Following the special meeting of stockholders (the “Special Meeting”) held earlier today, United States Steel Corporation (NYSE: X) (“U. S. Steel”) announced that, based o...

5 weeks ago - Business Wire

United States Steel Corporation (X) Stock Price, Quote & News - Stock Analysis (22)

U.S. Steel shareholders approve $14.9 bln buyout by Nippon Steel, Bloomberg reports

U.S. Steel shareholders have voted to approve the proposed $14.9 billion acquisition by Japan's Nippon Steel , taking the merger one step closer towards completion even as political opposition to the ...

5 weeks ago - Reuters

U.S. Steel shareholders vote on Nippon Steel takeover: Here's what you need to know

Dan DiMicco, chairman emeritus at Nucor, joins CNBC's Squawk Box to explain why he is doesn't favor the acquisition of Pittsburgh-based U.S. Steel by Japanese-owned manufacturing giant Nippon Steel.

5 weeks ago - CNBC Television

United States Steel Corporation (X) Stock Price, Quote & News - Stock Analysis (2024)

FAQs

United States Steel Corporation (X) Stock Price, Quote & News - Stock Analysis? ›

The average price target is $51.75 with a high forecast of $64.00 and a low forecast of $45.00. The average price target represents a 28.41% change from the last price of $40.30.

What is the stock price forecast for X Steel? ›

The average price target is $51.75 with a high forecast of $64.00 and a low forecast of $45.00. The average price target represents a 28.41% change from the last price of $40.30.

Is xa good stock to buy? ›

The consensus among 3 Wall Street analysts covering (NYSE: X) stock is to Buy X stock.

What's going on with U.S. Steel? ›

Japan's top steelmaker, Nippon Steel, is sticking to its plan to close a deal by year-end to buy U.S. Steel, which it expects to boost output and profits, the company said on Thursday, despite resistance to the transaction in the U.S. In December, Nippon Steel offered nearly $15 billion to take over iconic U.S. Steel, ...

Is steel stock a good buy? ›

Is steel a good investment for beginners? Steel stocks can be part of a diversified portfolio, but they might not be the safest option for absolute beginners. Consider your risk tolerance and investment goals before diving in.

Is Steel going up or down? ›

Bottom line: Steel prices are plummeting although still above their long-term average. More declines will come so delay locking as long as possible.

What is the future prediction for Steel? ›

Due to the COVID-19 pandemic, the global Steel market size is estimated to be worth USD 1391460 million in 2022 and is forecast to a readjusted size of USD 1661480 million by 2028 with a CAGR of 3.0% during the forecast period 2022-2028.

Is US Steel a buy sell or hold? ›

Is United States Steel stock a Buy, Sell or Hold? United States Steel stock has received a consensus rating of hold. The average rating score is and is based on 10 buy ratings, 17 hold ratings, and 5 sell ratings.

Is xa buy, sell, or hold? ›

A “buy” rating means analysts like the stock and think it's worth purchasing because its value is likely to increase. A “hold” rating is neutral. It means analysts are unsure which way share prices will move, so they recommend that you neither buy nor sell. A “sell” rating means analysts expect share prices to fall.

What is the hottest stock to invest in? ›

Sign up for Kiplinger's Free E-Newsletters
Company (ticker)Analysts' consensus recommendation scoreAnalysts' consensus recommendation
Amazon.com (AMZN)1.29Strong Buy
Nvidia (NVDA)1.33Strong Buy
Microsoft (MSFT)1.33Strong Buy
Bio-Techne (TECH)1.39Strong Buy
21 more rows

Is U.S. Steel in debt? ›

Total debt on the balance sheet as of December 2023 : $4.33 B. According to U.S. Steel 's latest financial reports the company's total debt is $4.33 B. A company's total debt is the sum of all current and non-current debts.

Why are companies trying to buy U.S. Steel? ›

The combination of Nippon Steel (NSC) and U. S. Steel will create a stronger, more competitive global company, better positioned to serve all employees and customers. U. S. Steel, and the country, will benefit from the investment and technologies contributed to it by NSC.

Will U.S. Steel be bought out? ›

Japanese steelmaker Nippon agreed in December 2023 to acquire U.S. Steel at a 40 percent premium to its stock price. Although once a crown jewel of American industry, U.S. Steel in recent decades has shuttered factories, sold others, and exited segments of the industry.

What is the best metal stock to buy? ›

Canadian-based Wheaton Precious Metals Corp (NYSE:WPM) is one of the top precious metals stocks to invest in 2024. Roth MKM recently added Wheaton Precious Metals Corp (NYSE:WPM) in its list of top-ranked silver stocks. Wheaton Precious Metals Corp (NYSE:WPM) recently increased its dividend by 3.3%.

Which metal to invest in in 2024? ›

Performance Overview of Metal Stocks List
NameCMP Rs.EPS 12M Rs.
JSW Steel81945.99
Hindustan Zinc317.8519.72
Hindalco Inds.574.137.48
Natl. Aluminium149.957.36
6 more rows
Mar 13, 2024

What is the steel forecast for 2025? ›

The World Steel Association (worldsteel) has today released its Short Range Outlook (SRO) steel demand forecast for 2024 and 2025. worldsteel forecasts that this year demand will see a 1.7% rebound to reach 1,793 Mt. Steel demand is forecast to grow by 1.2% in 2025 to reach 1,815 Mt.

What is the stock price forecast for US steel in 2024? ›

According to our current X stock forecast, the value of United States Steel shares will rise by 4.19% and reach $ 38.28 per share by May 26, 2024. Per our technical indicators, the current sentiment is Bearish while the Fear & Greed Index is showing 39 (Fear).

Is the value of steel going up? ›

What is the price of steel? Domestic prices for metal sheet remain below the highs of 2023, but are moving slightly higher as of late. However, the price of $812/ton as of May 13 is slightly higher than $817/ton last month.

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