US Steel outperforms on bets Nippon Steel deal has better chance


Shares in the Pittsburgh-based firm are up more than 6% in the past month. — Bloomberg

NEW YORK: US Steel Corp is beating peers in the stock market as investors speculate that political and labour opposition to its US$14.1bil takeover by Nippon Steel Corp may be easing.

Shares in the Pittsburgh-based firm are up more than 6% in the past month, recovering more of the ground lost when President Joe Biden and Donald Trump voiced opposition to the deal.

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