Shares in U.S. Steel Corp. were up slightly in after-hours trading on May 1 as the iconic Pittsburgh-based steel producer moved closer to its $14.9 billion acquisition by Japan’s Nippon Steel.
After posting a net loss of $116 million for the first quarter, U.S. Steel did not hold a quarterly conference call with Wall Street analysts, citing its “pending transaction” with Nippon after renewed backing from the Trump administration for the blockbuster cross-Atlantic deal, first announced in late 2023.
