David Burritt

United States Steel Corporation (NYSE:X) CEO David Burritt says he is confident that the company's potential merger with Japan's Nippon steal will go through, despite the Biden administration’s opposition to the deal. In a speech to the Detroit Economic Club Tuesday, Burritt said that the...

As President Joe Biden prepares to block the deal between Nippon Steel Corp (OTC:NPSCY) and United States Steel (NYSE:X), the head of United Steelworkers says that the Japanese steelmaker needs to rework its deal and suggested American company’s board to replace the CEO to win the union's...

Pittsburgh-based United States Steel Corp. (NYSE:X) late Sunday rejected a buyout offer from rival steel manufacturer Cleveland-Cliffs Inc. (NYSE:CLF) but welcomed the latter to participate in a formal review process. What Happened: U.S. Steel said it invited Cleveland-Cliffs to join in a formal...

United States Steel Corp (NYSE: X) shares are trading higher in Thursday's after-hours session after the company issued guidance for the first quarter. What Happened: U.S. Steel announced that it expects first-quarter adjusted earnings to be in a range of 58 cents to 63 cents per share versus...

United States Steel Corp (NYSE: X) is trading significantly higher Friday after the company announced better-than-expected third-quarter financial results, initiated a buyback and raised its quarterly dividend. United States Steel reported quarterly adjusted earnings of $5.36 per share, which...

Looking ahead at a busy next two weeks for the U.S. steel industry (Section 232, inventory data, mid-quarter updates, WSD/AMM Steel Success Strategies conference), BMO Capital Markets analyst David Gagliano rated the United States Steel Corporation (NYSE: X) as Market Perform. Under new CEO David...