Previous close | 0.1500 |
Open | 0.1500 |
Bid | 0.0000 |
Ask | 0.0000 |
Strike | 29.00 |
Expiry date | 2024-07-19 |
Day's range | 0.1500 - 0.1500 |
Contract range | N/A |
Volume | |
Open interest | N/A |
TOKYO (Reuters) -Nippon Steel's proposed acquisition of U.S. Steel risks raising decarbonisation costs for Japan's top steelmaker, an activist shareholder group said, urging the company to address the takeover's impact on its climate goals. Nippon Steel, the world's fourth biggest steelmaker, last year announced a $15 billion takeover offer for U.S. Steel, which backed the bid, but has faced resistance from a powerful labour union and the White House. "The potential addition of U.S. Steel's 11 blast furnaces to Nippon Steel's operations will almost certainly increase the cost of decarbonisation for the company," Brynn O'Brien, executive director of the Australasian Centre for Corporate Responsibility (ACCR), said.
U.S. Steel (X) anticipates sequentially lower earnings for Q2 and projects EBITDA of $425 million. It continues to advance toward finalizing the Nippon Steel transaction.
PITTSBURGH, June 17, 2024--United States Steel Corporation (NYSE: X) today provided second quarter 2024 adjusted net earnings per diluted share guidance of $0.76 to $0.80. Second quarter 2024 adjusted EBITDA is expected to be approximately $425 million.