United States Steel (NYSE:X) Stock, Quote.Headers.trade-ideas

United States Steel

United States Steel Corp operates primarily in the United States but also has a steelmaking capacity in Slovakia. The company's operating segments include North American Flat-Rolled (Flat-Rolled), Mini Mill, U. S. Steel Europe (USSE), and Tubular Products (Tubular). The Flat-Rolled segment includes U. S. Steel's integrated steel plants and equity investees in North America involved in the production of slabs, strip mill plates, sheets, and tin mill products, as well as all iron ore and coke production facilities in the United States. It primarily serves North American customers in the service center, conversion, transportation, construction, container, and appliance, and electrical markets.

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US Stocks Pause, South Korea ETFs Fall On Political Turmoil, Oil Prices Rise Above $70: What&#39;s Driving Markets Tuesday?

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United States Steel Corporation&#39;s (NYSE: X) stock is moving lower Tuesday from continued momentum following statements made by President-elect Donald Trump on Truth Social on Monday. Here&#39;s what you need to know.

U.S. Steel Stock Falls as Trump Pledges to Block Nippon Steel Acquisition

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Zscaler, TransMedics Group And Other Big Stocks Moving Lower In Tuesday&#39;s Pre-Market Session

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Management

Nippon Steel Vice Chairman Mori Says Nearly 100% Confident Will Close U.S. Steel Acquisition By Year-End; Will Explore All Possible Options, Including Capital Increase, To Decide Optimal Permanent Funding For U.S. Steel Acquisition; Will Select U.S. Steel's CEO From Various Candidates Including Current CEO Burritt

Rumors

Analyst Ratings

Watching United States Steel Corp; Traders Circulate Research Firm Report Suggesting  CFIUS Is Going To Approve Nippon/U.S. Steel At $55 Per Share

U.S. stocks paused for a breather Tuesday, with major equity indices hovering near the flatline as investors digested global developments, including China&#8217;s ban on key raw material exports to the U.S. and South Korea&#8217;s political turmoil following the president&#8217;s <a href="https://www.benzinga.com/news/global/24/12/42292488/south-korean-etfs-slide-on-presidents-emergency-martial-law-declaration-protect-the-constitutional-democratic-order">announcement of martial law</a>.
Korean-linked exchange traded funds such as the iShares MSCI South Korea ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EWY#NYSE">EWY</a>) fell by 2.7%, recovering some ground from sharper morning losses. 
By midday trading in New York, large-cap stocks remained mostly unchanged, while small-cap stocks underperformed, posting notable losses.
Sectors traded within narrow ranges, with energy and communication services showing slight outperformance.
Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) stood out, as its shares climbed by 2.1%, setting fresh all-time highs. 
In economic news, U.S. job openings rose to 7.744 million in October, exceeding expectations of 7.48 million and improving from September&#8217;s 7.372 million reading. The data signals ongoing resilience in the labor market, ahead of the highly awaited November jobs report scheduled for Friday.
The U.S. Dollar Index (DXY) edged down 0.2%, reversing part of Monday&#8217;s 0.6% rally. Meanwhile, Treasury yields showed little movement, with the 10-year yield inching up 1 basis point to 4.20%.
Precious metals saw modest gains, with gold rising 0.3% and silver advancing 1.7%.
Oil prices surged 2% after OPEC+ confirmed an extension of production cuts. Additionally, the U.S. imposed sanctions on 35 entities and vessels linked to illicit Iranian oil shipments, further supporting crude prices.
In the cryptocurrency market, sentiment remained subdued. Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) traded steadily around $95,900, while Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) and Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) fell by 1.9% and 4.3%, respectively.
<h1 class="wp-block-heading">Tuesday&#8217;s Performance In Major U.S. Indices, ETFs</h1>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>Chg. %</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>21,185.87</td>
<td>0.1 %</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>6,048.77</td>
<td>0.0%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>44,747.11</td>
<td>-0.1%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,421.44</td>
<td>-0.5%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 1:00 p.m. ET</figcaption></figure>
According to&nbsp;<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent120224&amp;t=be2bearmibe3na1">Benzinga Pro</a>&nbsp;data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) flattened at $603.70.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;held steady at $448.42.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) inched 0.1% up to $515.96.</li>
<li>The&nbsp;iShares Russell 2000 ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) eased 0.5% to $240.62.</li>
<li>The&nbsp;Communication Services Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLC#NYSE">XLC</a>) outperformed, rising 0.5%; the&nbsp;Industrial Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLI#NYSE">XLI</a>) lagged, down 0.6%.</li>
</ul>
<h1 class="wp-block-heading">Monday&#8217;s Stock Movers</h1>
<ul>
<li>Intel Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) dropped 5% in reaction to the<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42275410/intel-ceo-pat-gelsinger-forced-out-by-board-analysts-cheer-potential-strategy-shift-this-move-opens-the-door"> surprising resignation of CEO Pat Gelsinger</a>.</li>
<li>AT&amp;T Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>) surged nearly 4% after the company projected over $50 billion in free cash flow over the next three years and committed to returning at least $40 billion to shareholders through dividends and stock buybacks.</li>
<li>FedEx Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDX#NYSE">FDX</a>) fell by 3.8%, following a <a href="https://www.benzinga.com/24/12/42294866/this-fedex-analyst-is-no-longer-bullish-here-are-top-5-downgrades-for-tuesday">series of analyst downgrades. </a></li>
<li>United States Steel Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>) plummeted by 8% in reaction to Chinese export restrictions.</li>
<li>Core &amp; Main Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNM#NYSE">CNM</a>) rallied 15% in reaction to stronger-than-expected quarterly earnings. </li>
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US Stocks Pause, South Korea ETFs Fall On Political Turmoil, Oil Prices Rise Above $70: What's Driving Markets Tuesday?

United States Steel Corporation&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>) stock is moving lower Tuesday after President-elect Donald Trump <a href="https://www.benzinga.com/24/12/42281749/trump-says-he-will-make-us-steel-great-again-through-tariffs-cautions-nippon-steel-buyer-beware">reiterated his opposition</a> to the proposed acquisition of the company by Japan&#8217;s Nippon Steel Corporation, a deal valued at approximately $14.1 billion. 
In a Truth social post, Trump declared that he would block the deal if it moves forward, citing his dedication to strengthening the domestic steel industry.
Trump highlighted his intent to use tax incentives and tariffs as tools to reinforce U.S. Steel&#8217;s position in the global market, stating that such measures would help restore the company to its former prominence. His message, which included a stark warning of &#8220;buyer beware&#8221; directed at Nippon Steel, underscored his resistance to foreign ownership of a critical American industry.
The acquisition has sparked controversy, drawing opposition from labor unions, lawmakers and the current Biden administration. Critics argue that the deal could jeopardize U.S. jobs and strategic interests. Conversely, Nippon Steel has defended the acquisition, claiming it would create jobs and improve competitiveness against China&#8217;s steel sector.
Market analysts have noted that Trump's election victory and his focus on domestic industry could result in increased support for U.S.-based steel manufacturers. Anticipated policies under his administration, such as the imposition of new tariffs and deregulation, could influence trade dynamics and potentially benefit domestic producers. However, the uncertainty surrounding the Nippon Steel deal has introduced volatility into the market, directly impacting U.S. Steel&#8217;s stock performance.
X Price Action: X shares were down 8.33% at $37.54 at the time of writing, according to<a href="https://pro.benzinga.com/dashboard"> Benzinga Pro.</a>
<figure class="wp-block-image size-large is-resized"><a href="https://benzinga.slack.com/archives/D072651PB4K/p1733167806337199"><img loading="lazy" decoding="async" width="1024" height="539" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/03095632/Screenshot-2024-12-03-095613-1024x539.png" alt="" class="wp-image-674683" style="width:435px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/03095632/Screenshot-2024-12-03-095613-1024x539.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/03095632/Screenshot-2024-12-03-095613-300x158.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/03095632/Screenshot-2024-12-03-095613-768x404.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/03095632/Screenshot-2024-12-03-095613.png 1137w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
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Image Via Shutterstock.

Investors with a lot of money to spend have taken a bullish stance on United States Steel (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with X, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 8 uncommon options trades for United States Steel.
This isn't normal.
The overall sentiment of these big-money traders is split between 62% bullish and 37%, bearish.
Out of all of the special options we uncovered, 6 are puts, for a total amount of $1,709,310, and 2 are calls, for a total amount of $79,128.
<h3>Projected Price Targets</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $34.0 and $52.5 for United States Steel, spanning the last three months.
<h3>Insights into Volume &amp; Open Interest</h3>
In terms of liquidity and interest, the mean open interest for United States Steel options trades today is 12469.25 with a total volume of 12,601.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for United States Steel's big money trades within a strike price range of $34.0 to $52.5 over the last 30 days.
<h3>United States Steel Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1733237200_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>X</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$5.35</td>
<td>$5.3</td>
<td>$5.35</td>
<td>$40.00</td>
<td>$775.2K</td>
<td>19.2K</td>
<td>4.0K</td>
</tr>
<tr>
<td>X</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$6.1</td>
<td>$5.2</td>
<td>$5.35</td>
<td>$40.00</td>
<td>$429.6K</td>
<td>19.2K</td>
<td>815</td>
</tr>
<tr>
<td>X</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$5.35</td>
<td>$5.3</td>
<td>$5.35</td>
<td>$40.00</td>
<td>$268.0K</td>
<td>19.2K</td>
<td>2.5K</td>
</tr>
<tr>
<td>X</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$6.4</td>
<td>$4.4</td>
<td>$5.3</td>
<td>$40.00</td>
<td>$172.7K</td>
<td>19.2K</td>
<td>2.0K</td>
</tr>
<tr>
<td>X</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$1.36</td>
<td>$1.0</td>
<td>$1.36</td>
<td>$47.00</td>
<td>$54.1K</td>
<td>4.8K</td>
<td>407</td>
</tr>
</tbody>
</table>

<h3>About United States Steel</h3>
United States Steel Corp operates primarily in the United States but also has a steelmaking capacity in Slovakia. The company's operating segments include North American Flat-Rolled (Flat-Rolled), Mini Mill, U. S. Steel Europe (USSE), and Tubular Products (Tubular). The Flat-Rolled segment includes U. S. Steel's integrated steel plants and equity investees in North America involved in the production of slabs, strip mill plates, sheets, and tin mill products, as well as all iron ore and coke production facilities in the United States. It primarily serves North American customers in the service center, conversion, transportation, construction, container, and appliance, and electrical markets.
<h3>Current Position of United States Steel</h3>
<ul>
<li>Trading volume stands at 792,588, with X's price down by -6.96%, positioned at $38.1.</li>
<li>RSI indicators show the stock to be is currently neutral between overbought and oversold.</li>
<li>Earnings announcement expected in 58 days.</li>
</ul>
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20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for United States Steel with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Options

United States Steel's Options Frenzy: What You Need to Know

U.S. stock futures were mixed this morning, with the Dow futures falling around 0.1% on Monday.
Shares of Zscaler Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZS#NASDAQ">ZS</a>) fell sharply in today's pre-market trading following <a href="https://www.benzinga.com/news/earnings/24/12/42277443/zscaler-q1-earnings-revenue-beat-eps-beat-new-ai-opportunities-shares-slide">first-quarter results</a>.
Zscaler reported first-quarter revenue of $628 million, beating the consensus estimate of $606.19 million. The cybersecurity company reported adjusted earnings of 77 cents per share, beating analyst estimates of 63 cents per share, according to Benzinga Pro.
Zscaler expects fiscal second-quarter revenue to be in the range of $633 million to $635 million versus estimates of $633.84 million. The company anticipates second-quarter adjusted earnings of 68 cents to 69 cents per share versus estimates of 69 cents per share.
Zscaler shares dipped 7.4% to $192.95 in the pre-market trading session.
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<li>indie Semiconductor, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INDI#NASDAQ">INDI</a>) shares declined 14% to $4.54 in pre-market trading after the company announced plans to offer $175 million in convertible senior notes due 2029.</li>
<li>United States Steel Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>) shares declined 8.4% to $37.50 in pre-market trading.</li>
<li>Guardian Pharmacy Services, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRDN#NASDAQ">GRDN</a>) shares fell 7.7% to $22.41 in pre-market trading.</li>
<li>CleanSpark, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLSK#NASDAQ">CLSK</a>) shares declined 7.2% to $13.48 in pre-market trading following fourth-quarter results.</li>
<li>TransMedics Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMDX#NASDAQ">TMDX</a>) dipped 7.2% to $79.03 in pre-market trading after the company issued worse-than-expected FY24 revenue guidance.</li>
<li>Afya Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AFYA#NASDAQ">AFYA</a>) shares fell 4.5% to $15.85 in pre-market trading.</li>
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Zscaler, TransMedics Group And Other Big Stocks Moving Lower In Tuesday's Pre-Market Session

WIIM

United States Steel shares are trading lower after President-elect Donald Trump reiterated his opposition to the company's potential acquisition by Japan's Nippon Steel in a Truth Social post.

President-elect Donald Trump has reiterated his opposition to the acquisition of United States Steel Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>) by Japan&#8217;s Nippon Steel Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NPSCY#OTC">NPSCY</a>) in a Truth Social post on Monday. 
What Happened: Trump stated his intention to prevent the deal, emphasizing his commitment to strengthening U.S. Steel through tax incentives and tariffs.
Trump&#8217;s post read, &#8220;I am totally against the once great and powerful U.S. Steel being bought by a foreign company, in this case Nippon Steel of Japan. Through a series of Tax Incentives and Tariffs, we will make U.S. Steel Strong and Great Again, and it will happen FAST! As President, I will block this deal from happening. Buyer Beware!!!&#8221;
His comments come amid ongoing discussions about the $14.1 billion acquisition, which Nippon Steel aims to finalize by the year&#8217;s end. The deal faces resistance from various fronts, including unions and the current Biden administration.
Nippon Steel <a href="https://www.benzinga.com/m-a/24/11/41806893/nippon-steel-remains-confident-in-14b-us-steel-deal-despite-trumps-resistance-there-can-be-construct">remains optimistic</a> about the deal, arguing that it will benefit the U.S. economy by creating jobs and enhancing competitiveness against China&#8217;s steel industry.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42253555/microstrategys-imminent-inclusion-in-nasdaq-100-could-reportedly-spark-up-to-2b-in-fund-inflows?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">MicroStrategy&#8217;s Imminent Inclusion In Nasdaq 100 Could Reportedly Spark Up To $2B In Fund Inflows</a>
Why It Matters: Trump&#8217;s stance on the Nippon Steel deal highlights his anticipated policies, which could impact international trade relations. Analysts suggest that his return to the White House may lead to increased support for the domestic steel industry through deregulation and tariffs.
Nippon Steel&#8217;s takeover of U.S. Steel <a href="https://www.benzinga.com/m-a/24/11/41806893/nippon-steel-remains-confident-in-14b-us-steel-deal-despite-trumps-resistance-there-can-be-construct">faces criticism</a> from lawmakers and the United Steelworkers union, who are concerned about job security. The potential failure of the deal could also have broader implications for Japanese companies&#8217; future acquisitions in strategic sectors.
Trump&#8217;s election victory has already stirred market reactions, with analysts predicting a positive response for steel equities due to potential tariffs on Chinese and Mexican steel.
Image via Shutterstock
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

General

NPSCY

Trump Says He Will Make US Steel 'Great Again' Through Tariffs, Cautions Nippon Steel: 'Buyer Beware!'

Whales with a lot of money to spend have taken a noticeably bullish stance on United States Steel.
Looking at options history for United States Steel (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>) we detected 10 trades.
If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 40% with bearish.
From the overall spotted trades, 6 are puts, for a total amount of $209,777 and 4, calls, for a total amount of $132,808.
<h3>Expected Price Movements</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $33.0 to $52.5 for United States Steel over the recent three months. 
<h3>Volume &amp; Open Interest Trends</h3>
In today's trading context, the average open interest for options of United States Steel stands at 32785.17, with a total volume reaching 3,757.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in United States Steel, situated within the strike price corridor from $33.0 to $52.5, throughout the last 30 days.
<h3>United States Steel 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1732638671_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>X</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$9.75</td>
<td>$9.5</td>
<td>$9.5</td>
<td>$45.00</td>
<td>$42.7K</td>
<td>55.4K</td>
<td>45</td>
</tr>
<tr>
<td>X</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/15/25</td>
<td>$8.0</td>
<td>$6.6</td>
<td>$6.6</td>
<td>$40.00</td>
<td>$39.0K</td>
<td>319</td>
<td>50</td>
</tr>
<tr>
<td>X</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>11/29/24</td>
<td>$1.15</td>
<td>$0.72</td>
<td>$0.97</td>
<td>$40.00</td>
<td>$36.7K</td>
<td>6.8K</td>
<td>1.0K</td>
</tr>
<tr>
<td>X</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$1.85</td>
<td>$1.75</td>
<td>$1.75</td>
<td>$33.00</td>
<td>$35.0K</td>
<td>5.1K</td>
<td>284</td>
</tr>
<tr>
<td>X</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$1.73</td>
<td>$1.67</td>
<td>$1.73</td>
<td>$33.00</td>
<td>$34.6K</td>
<td>5.1K</td>
<td>485</td>
</tr>
</tbody>
</table>

<h3>About United States Steel</h3>
United States Steel Corp operates primarily in the United States but also has a steelmaking capacity in Slovakia. The company's operating segments include North American Flat-Rolled (Flat-Rolled), Mini Mill, U. S. Steel Europe (USSE), and Tubular Products (Tubular). The Flat-Rolled segment includes U. S. Steel's integrated steel plants and equity investees in North America involved in the production of slabs, strip mill plates, sheets, and tin mill products, as well as all iron ore and coke production facilities in the United States. It primarily serves North American customers in the service center, conversion, transportation, construction, container, and appliance, and electrical markets.
After a thorough review of the options trading surrounding United States Steel, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Current Position of United States Steel</h3>
<ul>
<li>With a trading volume of 976,056, the price of X is up by 0.7%, reaching $38.85.</li>
<li>Current RSI values indicate that the stock is is currently neutral between overbought and oversold.</li>
<li>Next earnings report is scheduled for 65 days from now.</li>
</ul>
<h3>What Analysts Are Saying About United States Steel</h3>
In the last month, 1 experts released ratings on this stock with an average target price of $43.0.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Consistent in their evaluation, an analyst from BMO Capital keeps a Outperform rating on United States Steel with a target price of $43. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest United States Steel options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

What the Options Market Tells Us About United States Steel

<a href="https://www.theglobeandmail.com/business/industry-news/energy-and-resources/article-cleveland-cliffs-ceo-still-keen-on-acquiring-us-steel-as-uncertainty/" title="https://www.theglobeandmail.com/business/industry-news/energy-and-resources/article-cleveland-cliffs-ceo-still-keen-on-acquiring-us-steel-as-uncertainty/">https://www.theglobeandmail.com/business/industry-news/energy-and-resources/article-cleveland-cliffs-ceo-still-keen-on-acquiring-us-steel-as-uncertainty/</a>

'Cleveland-Cliffs CEO still keen on acquiring U.S. Steel as uncertainty weighs on Nippon bid' - The Globe And Mail

<h3 class="wp-block-heading">New On The Block</h3>
<ul>
<li>Starbucks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>) is looking to sell a stake in its Chinese operations. Same-store sales in China fell 14% last quarter, with the Seattle-based coffee retailer seeking partnerships to adapt to tough <a href="https://www.benzinga.com/news/asset-sales/24/11/42117962/starbucks-eyes-stake-sale-in-china-amid-fierce-competition-and-falling-sales">economic and competitive pressures</a>.</li>
</ul>
<h3 class="wp-block-heading">Bankruptcy Block</h3>
<ul>
<li>Snack producer Hearthside Food Solutions went bankrupt. The private equity-owned company looks to offload the $1.9 billion in debt accumulated under the ownership of Partners Group Holding AG and Charlesbank Capital Partners. The two firms bought Hearthside for more than $2.4 billion. Assets and liabilities hover between $1 billion and $10 billion. Last year, bankrupt private equity portfolio companies in the U.S. <a href="https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/private-equity-portfolio-companies-on-track-for-most-bankruptcies-since-2020-74886821">outpaced</a> the number of <a href="https://www.benzinga.com/news/20/10/17861269/bankruptcy-update-ruby-tuesday-files-chapter-11-while-progress-slows-for-jcpenney">bankruptcies in 2020</a>. It remains to be seen whether 2024 will be worse.</li>
</ul>
<ul>
<li>Northvolt <a href="https://northvolt.com/articles/peter-carlsson-steps-aside/">filed</a> for bankruptcy with debt of $5.8 billion. Recall how the Swedish battery maker, which supplies Volkswagen AG&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/VWAGY#OTC">VWAGY</a>) and&nbsp;Bayerische Motoren Werke AG&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/BMWYY#OTC">BMWYY</a>), bargained with banks to <a href="https://www.benzinga.com/news/23/03/31506581/volkswagen-bmw-battery-supplier-northvolt-eyes-raising-5b-via-debt">raise debt last year</a>. Now, it&#8217;s hoping to restructure under U.S. Chapter 11.</li>
</ul>
See Also: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/11/42024210/benzinga-bulls-and-bears-tesla-disney-gold-and-hedge-funds-project-bitcoin-to-hit-100k-150k">Benzinga Bulls And Bears: Tesla, Disney, Gold — And Hedge Funds Project Bitcoin To Hit $100K-$150K</a>
<h3 class="wp-block-heading">Updates From The Block</h3>
<ul>
<li>Google&#8216;s $2-billion <a href="https://www.benzinga.com/news/large-cap/23/10/35474706/googles-ai-ambitions-grow-with-major-investment-in-openai-rival-anthropic">investment</a> in Anthropic is in jeopardy, according to <a href="https://www.bloomberg.com/news/articles/2024-11-21/us-justice-department-seeks-to-unwind-google-s-anthropic-deal">Bloomberg</a>. Anthropic is a Jeff Bezos-backed rival to artificial intelligence (AI) innovator OpenAI. The U.S. Department of Justice (DOJ) recommended in <a href="https://www.benzinga.com/tech/24/11/42105079/googles-unlawful-behavior-stifles-market-entry-for-rivals-doj-says-alphabet-must-sell-chrome-to-end-search-monopoly">a court filing Wednesday</a> that Alphabet Inc&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google divest its Chrome browser to dismantle its monopoly on online search. It doesn&#8217;t end there. Google should be barred from doing any deals with companies that control where consumers search for information, regulators say. <a href="https://www.benzinga.com/tech/24/11/42123646/google-anthropic-deal-in-jeopardy-as-us-justice-department-looks-to-snap-online-search-monopoly">That includes AI products</a>.</li>
</ul>
<ul>
<li>Ricky Williams&#8216; Highsman merges with hemp brand Frozen Fields, forming Top Seed Inc. The partnership blends cannabis and hemp sectors, leveraging R&amp;D to enhance products <a href="https://www.benzinga.com/markets/cannabis/24/11/42097662/ricky-williams-highsman-merges-with-hemp-brand-frozen-fields">and control supply chains</a>.</li>
</ul>
<ul>
<li>MakeMyTrip acquires Happay from CRED. The deal is expected to enhance corporate travel and expense management solutions in India. Happay&#8217;s team will integrate with MakeMyTrip, supporting <a href="https://www.benzinga.com/general/travel/24/11/42039458/makemytrip-agrees-to-acquire-happay-bolstering-its-arsenal-for-corporate-travel-solutions">over 900 clients post-acquisition</a>.</li>
</ul>
<ul>
<li>Amcor plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMCR#NYSE">AMCR</a>) and Berry Global Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BERY#NYSE">BERY</a>) agreed to merge in an all-stock transaction, with the deal valuing Berry stock <a href="https://www.benzinga.com/news/large-cap/24/11/42069248/amcor-and-berry-seal-the-deal-73-59-per-share-merger-to-forge-packaging-powerhouse">at $73.59 per share</a>.</li>
</ul>
<ul>
<li>Nippon Steel (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NISTF#OTC">NISTF</a>) executives have traveled to Pennsylvania to garner support for their $15 billion acquisition bid for U.S. Steel (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>). The Japanese steel giant is encountering political resistance in Washington. Takahiro Mori, vice-chair of Nippon Steel, arrived in Pittsburgh on Saturday to advocate for the acquisition. The deal faces opposition from both President Joe Biden and President-elect Donald Trump, who prefer U.S. Steel to <a href="https://www.benzinga.com/markets/24/11/42056111/nippon-steel-execs-rally-support-in-pennsylvania-amid-pushback-on-us-steel-takeover">remain under American ownership</a>.</li>
</ul>
<h3 class="wp-block-heading">Notes From The Block</h3>
Joshua Robinson, co-founder of Darwin Financial Company, announced a $55-million financing deal with INYOAG LLC. The funds will help develop a solar-powered mine in Inyo County, California where there are proven reserves of silver, lead, zinc, tungsten, and copper. Here&#8217;s our conversation with Robinson:
<h4 class="wp-block-heading">BZ: What is the deal structure between Darwin Financial and base metals miner INYOAG? </h4>
Robinson: The deal structure is a $55M project financing package split into three components: $17.5 million and $12.5 million in six-year notes tied to sulfide and oxide production respectively, plus a $20-million conditional equity commitment that only triggers if the mine hits $10 million in monthly revenue. We get 17% of gross revenues from both production tracks, structured through secure lockbox arrangements. It&#8217;s not a straight equity investment, we specifically designed it this way to provide further upside exposure.
<h4 class="wp-block-heading">Are you looking for additional investors/joint venture partners? </h4>
Yes, we&#8217;ve deliberately structured this to create multiple layers of upside potential, which is pretty unique in the mining space. We&#8217;ve created a hybrid model that offers both near-term cash flow from production and significant expansion potential. We&#8217;re already seeing interest from established mining players, but we&#8217;re particularly excited about bringing new investors into the space who understand the strategic value of critical minerals.
<h4 class="wp-block-heading">What are the downsides to depending on foreign sources of critical minerals?</h4>
China&#8217;s recent actions really highlight the urgency here. They&#8217;ve already implemented export controls on germanium and gallium, and just added antimony to that list. This isn&#8217;t theoretical anymore, it&#8217;s actively happening. We need to build regional resilience in our supply chains, particularly for these minerals that are crucial for defense and technology. The Darwin Mine gives us a unique opportunity to establish a domestic source for multiple critical minerals in a single asset, which is rare to find.
<h4 class="wp-block-heading">Will the mine be powered by solar? </h4>
The 100MW facility wouldn&#8217;t just power the mine. It would generate significant excess clean energy that we can sell back to the grid. What&#8217;s particularly interesting is that we can develop utility-scale energy storage systems using minerals we&#8217;re already producing. It creates a virtuous cycle where our mining operations directly support clean energy deployment
<h4 class="wp-block-heading">What are your 2025 goals?</h4>
For 2025, our key goals are reaching 300 tons per day on sulfide production within six months and 200 tons per day on oxide within nine months of funding. That puts us at $ 10 million in monthly revenue, which then triggers the deeper mine development program.
For last week&#8217;s Deal Dispatch, <a href="https://www.benzinga.com/ma/24/11/42025534/deal-dispatch-shell-unilever-and-more-are-on-the-sell-side-the-onion-makes-alex-jones-cry-foul">click here</a>.
Now Read: 
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<li><a href="https://www.benzinga.com/markets/equities/24/11/41699259/nvidia-rides-ai-wave-to-replace-intel-on-dow-jones-industrial-average-ending-its-25-year-run">Nvidia Rides AI Wave To Replace Intel On Dow Jones Industrial Average, Ending Its 25-Year Run</a></li>
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Image: Benzinga

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Investors with a lot of money to spend have taken a bearish stance on United States Steel (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>).
And retail traders should know.
We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with X, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 9 options trades for United States Steel.
This isn't normal.
The overall sentiment of these big-money traders is split between 22% bullish and 66%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $95,506, and 8, calls, for a total amount of $939,250.
<h3>Projected Price Targets</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $39.0 to $50.0 for United States Steel over the last 3 months. 
<h3>Volume &amp; Open Interest Development</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for United States Steel's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of United States Steel's whale activity within a strike price range from $39.0 to $50.0 in the last 30 days. 
<h3>United States Steel Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1732032114_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>X</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>12/27/24</td>
<td>$4.35</td>
<td>$1.73</td>
<td>$2.8</td>
<td>$45.00</td>
<td>$539.6K</td>
<td>2</td>
<td>2.0K</td>
</tr>
<tr>
<td>X</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/06/24</td>
<td>$3.6</td>
<td>$3.55</td>
<td>$3.6</td>
<td>$39.00</td>
<td>$95.5K</td>
<td>1</td>
<td>554</td>
</tr>
<tr>
<td>X</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$4.2</td>
<td>$4.0</td>
<td>$4.0</td>
<td>$43.00</td>
<td>$91.6K</td>
<td>13.4K</td>
<td>1.0K</td>
</tr>
<tr>
<td>X</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$4.2</td>
<td>$3.8</td>
<td>$4.0</td>
<td>$43.00</td>
<td>$68.4K</td>
<td>13.4K</td>
<td>1.0K</td>
</tr>
<tr>
<td>X</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$4.05</td>
<td>$3.75</td>
<td>$4.0</td>
<td>$43.00</td>
<td>$66.4K</td>
<td>13.4K</td>
<td>1.0K</td>
</tr>
</tbody>
</table>

<h3>About United States Steel</h3>
United States Steel Corp operates primarily in the United States but also has a steelmaking capacity in Slovakia. The company's operating segments include North American Flat-Rolled (Flat-Rolled), Mini Mill, U. S. Steel Europe (USSE), and Tubular Products (Tubular). The Flat-Rolled segment includes U. S. Steel's integrated steel plants and equity investees in North America involved in the production of slabs, strip mill plates, sheets, and tin mill products, as well as all iron ore and coke production facilities in the United States. It primarily serves North American customers in the service center, conversion, transportation, construction, container, and appliance, and electrical markets.
Having examined the options trading patterns of United States Steel, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Present Market Standing of United States Steel</h3>
<ul>
<li>With a trading volume of 1,092,583, the price of X is down by -0.13%, reaching $37.96.</li>
<li>Current RSI values indicate that the stock is is currently neutral between overbought and oversold.</li>
<li>Next earnings report is scheduled for 72 days from now.</li>
</ul>
<h3>What Analysts Are Saying About United States Steel</h3>
1 market experts have recently issued ratings for this stock, with a consensus target price of $43.0.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Consistent in their evaluation, an analyst from BMO Capital keeps a Outperform rating on United States Steel with a target price of $43. 
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for United States Steel with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Check Out What Whales Are Doing With United States Steel

Nippon Steel (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NISTF#OTC">NISTF</a>) executives have traveled to Pennsylvania to garner support for their $15 billion acquisition bid for U.S. Steel (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>). The Japanese steel giant is encountering political resistance in Washington.
What Happened: Takahiro Mori, vice-chair of Nippon Steel, arrived in Pittsburgh on Saturday to advocate for the acquisition. The deal faces opposition from both President Joe Biden and President-elect Donald Trump, who prefer U.S. Steel to remain under American ownership, the Financial Times <a href="https://www.ft.com/content/c0549c37-142f-462a-ae2b-55215ea77419">reported</a> on Tuesday.
Despite these political challenges, Nippon Steel is seeking regulatory approval post-election. Mori is scheduled to meet with government officials in Washington later this week.
Mori is also <a href="https://www.benzinga.com/markets/equities/24/09/41045029/amid-nippon-us-steel-debacle-kamala-harris-stresses-importance-of-us-steel-production-even-if-it">engaging with U.S. Steel workers</a> this week, particularly those in the United Steelworkers union. Some union members have expressed support for the deal, differing from USW president David McCall, who opposes Nippon&#8217;s ownership.
See Also: <a href="https://www.benzinga.com/24/11/42029943/dow-tumbles-over-300-points-following-economic-reports-investor-sentiment-declines-fear-greed-index-moves-to-neutral-zone?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Dow Tumbles Over 300 Points Following Economic Reports, Nvidia, Microsoft Decline: Fear &amp; Greed Index Moves To &#8216;Neutral&#8217; Zone</a>
Nippon Steel has committed to investing nearly $3 billion in U.S. facilities. The Committee on Foreign Investment in the U.S. has granted Nippon a 90-day extension to address national security concerns, with a final decision anticipated by the end of the year.
Why It Matters: The acquisition of U.S. Steel by Nippon Steel has been a contentious issue, with significant political and economic implications. Nippon Steel <a href="https://www.benzinga.com/m-a/24/11/41806893/nippon-steel-remains-confident-in-14b-us-steel-deal-despite-trumps-resistance-there-can-be-construct">remains optimistic about finalizing</a> the deal by year-end, despite facing opposition from the Biden administration and President-elect Trump, who plans to block the acquisition.
The deal is seen as a potential boost for the U.S. economy by creating jobs and increasing competitiveness against China&#8217;s steel industry. However, the United Steelworkers union opposes the deal, citing job security concerns for its members.
In October, U.S. Steel reported<a href="https://www.benzinga.com/news/earnings/24/10/41665667/us-steel-reports-better-than-expected-q3-results-aims-to-close-nippon-steel-deal-by-year-end"> better-than-expected third-quarter results</a>, with earnings of 56 cents per share, surpassing analyst expectations. The company expressed its intention to close the deal with Nippon Steel by the end of the year.
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Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Image by Poetra.RH via Shutterstock

Nippon Steel Execs Rally Support in Pennsylvania Amid Pushback On US Steel Takeover

<a href="https://www.bloomberg.com/news/articles/2024-11-18/nippon-steel-makes-anti-import-vow-to-win-over-us-steel-workers">https://www.bloomberg.com/news/articles/2024-11-18/nippon-steel-makes-anti-import-vow-to-win-over-us-steel-workers</a>
Nippon Steel Corp. is promising unionized workers of United States Steel Corp. that it won't send steel shipments from its overseas mills as part of its commitments to seal a $14.1 billion takeover of the iconic American company.
The commitment is among the undertakings highlighted by Nippon Steel's Executive Vice President Takahiro Mori in a Monday letter to United Steelworkers members at two key US Steel operations. Union leaders have repeatedly raised concerns that Nippon Steel's overseas footprint threatens the American industry — arguing that the Japanese steelmaker may one day find it cheaper to export certain steel to the US and replace some domestic output.

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'Nippon Steel Makes Anti-Import Vow To Win Over U.S. Steel Workers; Nippon Steel's Mori Makes Appeal In Letter To Union Workers; Letter Includes Vow Not To Import Foreign Steel Slabs Into U.S.' - Bloomberg

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