Investors need patience here, but steel stocks could once again be a source of shiny returns.
Billionaire Dan Loeb’s stake revives buzz around U.S. Steel. Should investors follow the money amid the revived Nippon merger talks, or wait it out?
Nippon will use the funds to rebuild US Steel’s aging manufacturing facilities.
Trading on a buyout deal might net you a small return, but two other steelmakers have been far better long-term investments.
President Donald Trump met with Japanese Prime Minister Shigeru Ishiba on Friday, and the U.S. Steel-Nippon Steel deal is likely to be discussed. Details of the meeting are yet to be disclosed.
There's some opportunity but also more downside than it may seem, while some of its peers are more attractive.
U.S. Steel stock surged 6% as Cleveland-Cliffs and Nucor consider a joint takeover bid
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