Cleveland-Cliffsの空売り状況は、投資家がCleveland-Cliffsの株価下落に賭けている度合いを知ることができます。空売りデータは2週間ごとに更新されます。

Cleveland-Cliffs (NYSE:CLF) 株価情報, 空売り情報

Cleveland-Cliffs

Cleveland-Cliffs Inc is a flat-rolled steel producer and manufacturer of iron ore pellets in North America. It is organized into four operating segments based on differentiated products, Steelmaking, Tubular, Tooling and Stamping and European Operations, but operates through one reportable segment -Steelmaking. It is vertically integrated from mined raw materials, direct reduced iron, and ferrous scrap to primary steelmaking and downstream finishing, stamping, tooling and tubing. It serves a diverse range of other markets due to its comprehensive offering of flat-rolled steel products. Geographically, it operates in the United States, Canada and other countries. The majority of revenue is from the United States. It is a supplier of steel to the automotive industry in North America.

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議会員による取引が、委員会のアサインメントを含む利益相反の可能性があるため、ますます投資家の注目を集めている。金曜日の市場終値近くに、議会の有名なメンバーが複数の取引を開示した。

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President Joe Biden prioritized <a href="https://www.benzinga.com/markets/cannabis/25/01/43054504/biden-commutes-sentences-of-nearly-2500-convicted-of-non-violent-drug-offenses-no-mention-of-cannabis-prisoners">freeing non-violent drug offenders</a> during his final few days in the White House, but TikTok? That's President-elect Donald Trump's problem now. 
According to the <a href="https://apnews.com/article/tiktok-ban-trump-executive-order-1e95d9836bf6f8c0c245ed1c3234d968">Associated Press</a>, Biden has no intention of enforcing the ban, which takes effect on his last full day in office, Jan. 19, and one day <a href="https://www.benzinga.com/news/25/01/42995328/trump-inauguration-from-elon-musk-jeff-bezos-to-barack-obama-george-bush-and-bill-clinton-who-all-will-attend">before Trump&#8217;s inauguration</a>.
With a deadline looming, the app's fate lands in the hands of the so-called People's Bid for TikTok—backed by none other than Kevin O'Leary of &#8220;Shark Tank&#8221; and billionaire Frank McCourt. Apparently, TikTok's U.S. assets are still up for grabs, but no word yet on the price tag or whether a deal can realistically get done <a href="https://www.benzinga.com/general/social-media/25/01/43060894/supreme-court-upholds-tiktok-ban-ahead-of-trumps-inauguration">in a few days</a>.
<h2 class="wp-block-heading">Bankruptcy Block</h2>
Joann Inc. is stitching together a bankruptcy plan for the second time within 12 months. The Ohio-based fabric and crafts retailer is seeking a buyer for its portfolio of some 800 stores. 
Gordon Brothers Retail Partners emerged as the &#8220;stalking horse&#8221; bidder, but Joann remains hopeful for better offers—perhaps from someone who knows how to thread the needle.
Previously, the 82-year-old retailer was under the stewardship of private equity firm Leonard Green &amp; Partners, which acquired it via a $1.6 billion leveraged buyout in 2011. The firm buried the company under a pile of debt (<a href="https://wolfstreet.com/2024/03/18/brick-and-mortar-meltdown-fells-another-retailer-joann-inc-files-for-bankruptcy-3-years-after-ipo/">reportedly</a> $921 million in long-term debt as of Oct. 31, 2020) and <a href="https://www.benzinga.com/news/21/03/20048728/ipo-preview-roblox-coupang-joann-lead-busy-week-of-offerings">sent it public in 2021</a>. 
Joann went private again in <a href="https://apnews.com/article/joann-bankruptcy-chapter-11-filing-75093d4032907c59a45e472dd4e23229">March</a> 2024 while under Chapter 11 bankruptcy protection. The company managed to reduce its $1 billion total debt by about $500 million at the time.
Despite efforts to save itself last year, Joann is joining the growing quilt of recent retail casualties: Party City, Big Lots, LL Flooring, The Body Shop and The Container Store <a href="https://www.benzinga.com/news/legal/24/12/42710619/deal-dispatch-party-city-wraps-big-lots-goes-bust-container-store-continues">to name a few</a>.
Kirkland &amp; Ellis is handling legal matters, while Centerview Partners LLC offers financial advice. Alvarez &amp; Marsal North America, LLC is overseeing the restructuring process.
<h2 class="wp-block-heading">New On The Block</h2>
<ul>
<li>Investment firm KKR &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>) hired Goldman Sachs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>) to run an auction for its minority stake in Philippine fintech company Maya, Reuters reported. </li>
<li>New York-headquartered KKR owns more than 20% of Maya and the potential sale, if it goes through, could value Maya at more than $2 billion, one of the sources said.</li>
<li>DuPont de Nemours, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DD#NYSE">DD</a>) is looking to <a href="https://www.benzinga.com/news/large-cap/25/01/43028181/chemical-company-dupont-electronics-business-separation-retains-water-business">jettison its electronics business</a>. The Wilmington, Delaware-based company expects the transaction to be completed by Nov. 1. DuPont also decided to retain its water business after evaluating strategic alternatives.</li>
<li>Ingevity Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NGVT#NYSE">NGVT</a>) is shopping its Performance Chemicals Industrial Specialties segment, which includes divesting parts of its North Charleston, South Carolina site. The company hopes to improve earnings cash flow and conclude the review process by year-end. Whether a transaction comes about <a href="https://www.benzinga.com/news/25/01/43027745/ingevity-explores-strategic-options-for-performance-chemicals-segment-to-strengthen-portfolio-projects-fy24-revenue-at-1-40-billion">remains to be seen</a>. </li>
<li>S&amp;W Seed Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SANW#NASDAQ">SANW</a>) is up for sale. It&#8217;s also considering a merger or recapitalization as part of a larger strategic review. The Longmont, Colorado-based company has already sold its Australia subsidiary. &#8220;We continue to support all initiatives that optimize shareholder value and will consider the full range of potential strategic alternatives to ensure S&amp;W Seed is best positioned for future success,&#8221; chairman Alan Willits said.</li>
</ul>
See Also: <a href="https://www.benzinga.com/25/01/43046722/starship-explodes-during-flight-test-elon-musk-says-success-is-uncertain-but-entertainment-is-guaranteed">Starship Explodes During Flight Test, Elon Musk Says: &#8216;Success Is Uncertain, But Entertainment Is Guaranteed!&#8217;</a>
<h2 class="wp-block-heading">Updates From The Block</h2>
<ul>
<li>Lourenco Goncalves raised eyebrows during a Monday press conference. According to <a href="https://www.bloomberg.com/news/articles/2025-01-14/cliffs-ceo-rips-evil-japan-and-doubles-down-on-america-first">Bloomberg</a>, the CEO of Cleveland-Cliffs Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLF#NYSE">CLF</a>) called Japan, a U.S. ally, &#8220;evil&#8221; and accused it of teaching China harmful practices like dumping and overproduction. His comments came as Cleveland-Cliffs eyes a new bid for U.S. Steel (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>), following Biden&#8217;s decision to block Nippon Steel&#8216;s (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NPSCY#OTC">NPSCY</a>) <a href="https://www.benzinga.com/trading-ideas/movers/25/01/42787508/biden-blocks-14-9b-us-steel-takeover-shares-plunge">$14 billion acquisition attempt</a>. While positioning his company as a potential buyer, Goncalves&#8217; rhetoric escalated tensions within the steel industry. Nippon is now looking to Trump to <a href="https://www.benzinga.com/news/25/01/42994950/nippon-steel-eyes-trump-administration-to-revive-15b-us-steel-deal-blocked-by-biden-well-do-whatever-it-takes">help close the deal</a>. </li>
<li>T-Mobile (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMUS#NASDAQ">TMUS</a>) will buy Vistar Media for $600 million. The telecom company expects the deal to strengthen its advertising business, Reuters reported. </li>
</ul>
Deals in the biotech and pharmaceutical sectors piled up this week. Here&#8217;s a sample of Benzinga&#8217;s coverage:
<ul>
<li>Biogen Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIIB#NASDAQ">BIIB</a>) submitted an unsolicited bid to acquire all of the outstanding shares of Sage Therapeutics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAGE#NASDAQ">SAGE</a>) that it does not already own <a href="https://www.benzinga.com/25/01/42957657/biogens-push-for-sage-therapeutics-could-strengthen-its-neurology-strategy-analysts-say">for $7.22 per share</a>. Goldman Sachs analyst Salveen Richter believes the proposal makes strategic sense, considering the financial success of the Zurzuvae launch for postpartum depression (PPD).</li>
<li>GSK plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GSK#NYSE">GSK</a>) <a href="https://www.benzinga.com/25/01/42950025/gsk-to-buy-us-based-stomach-cancer-drug-developer-for-over-1-billion">agreed to acquire</a> IDRx, Inc., a biopharmaceutical company focused on precision therapeutics for gastrointestinal stromal tumors (GIST), for $1 billion. The deal may require an additional $150 million from GSK after certain regulatory approval milestones. </li>
<li>Eli Lilly (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLY#NYSE">LLY</a>) scooped up Scorpion Therapeutics&#8217; early-stage <a href="https://www.benzinga.com/25/01/42949261/eli-lilly-scoops-up-scorpion-therapeutics-early-stage-cancer-program-for-25-billion">cancer program for $2.5 billion</a>. </li>
<li>Like Bristol-Myers Squibb (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BMY#NYSE">BMY</a>) and AbbVie Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABBV#NYSE">ABBV</a>), Johnson &amp; Johnson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JNJ#NYSE">JNJ</a>) is seeking to bolster its neuropsychiatric portfolio<a href="https://www.benzinga.com/general/biotech/25/01/42948170/like-bristol-myers-squibb-and-abbvie-johnson-johnson-seeks-to-bolster-neuropsychiatric-portfolio-with-15-billion-deal"> with a $15 billion deal</a></li>
<li>Crown Laboratories (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCK#NYSE">CCK</a>) offered to acquire all outstanding common shares of Revance Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RVNC#NASDAQ">RVNC</a>) at $3.10 per share.</li>
<li>Salarius Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLRX#NASDAQ">SLRX</a>) agreed to a deal with Decoy Therapeutics, a preclinical biotech focused on peptide conjugate therapeutics. The merged entity will target unmet needs in respiratory diseases and GI oncology.</li>
<li>Lantheus Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LNTH#NASDAQ">LNTH</a>) strengthens its radiopharmaceutical position with<a href="https://www.benzinga.com/m-a/25/01/42937565/lantheus-strengthens-radiopharmaceutical-leadership-with-350m-acquisition-of-life-molecular-imaging"> $350 million acquisition of Life Molecular Imaging</a>.</li>
</ul>
For last week&#8217;s edition of Deal Dispatch, <a href="https://www.benzinga.com/ma/25/01/42921113/deal-dispatch-td-bank-charles-schwab-eyenovia-smart-share-hit-auction-block">click here</a>.
Now Read:
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<li><a href="https://www.benzinga.com/real-estate/25/01/43055513/eccentric-billionaire-howard-hughes-former-miami-estate-on-market-for-55-5-million">Eccentric Billionaire, Legendary Filmmaker Howard Hughes&#8217; Former Miami Estate On Market For $55.5 Million</a></li>
</ul>
Image created with a photo from Shutterstock.

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Deal Dispatch: Biden Punts TikTok Ban To Trump, Plus Another Legacy Retailer Goes Bankrupt

United States Steel Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>) stock is trading higher Monday following a report that Cleveland-Cliffs Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLF#NYSE">CLF</a>) will partner with Nucor Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NUE#NYSE">NUE</a>) to make a potential bid to <a href="https://www.benzinga.com/m-a/25/01/42947291/the-offer-would-be-in-the-high-30sshare-cleveland-cliffs-would-purchase-all-of-u-s-steel-for-all-cas">acquire the company</a>.
The Details: According to <a href="https://www.cnbc.com/2025/01/13/cleveland-cliffs-partnering-with-nucor-on-potential-bid-for-us-steel-sources-say.html">CNBC</a>, Cleveland-Cliffs plans to make a bid to acquire U.S. Steel in an all-cash deal, valuing the company at over $30 per share. As part of the planned deal, U.S. Steel&#8217;s headquarters would remain in Pittsburgh and Cleveland-Cliffs would subsequently sell the Big River Steel subsidiary to Nucor.
Japanese-owned Nippon proposed a $14.9-billion takeover deal at the end of 2023, under which the company would purchase U.S. Steel for $55 per share. The deal was blocked by the Biden administration following a review by the Committee on Foreign Investment in the United States (CFIUS).
President Joe Biden has made it clear that he believes U.S. Steel should remain American-owned. He has also cited national security concerns and emphasized the importance of a strong domestic steel industry.
Nippon is now suing the Biden administration over the decision to block the acquisition. Additionally, Nippon and U.S. Steel have filed lawsuits against Cleveland-Cliffs, its CEO Lourenco Goncalves and United Steelworkers President David McCall, accusing them of conspiring to prevent the deal.
Cleveland-Cliffs is reportedly considering making an offer in the high $30s per share. U.S. Steel shares jumped more than 8% on the news before pulling back slightly. 
See Also: <a href="https://www.benzinga.com/trading-ideas/technicals/25/01/42957201/stock-of-the-day-mondelez-rally-chance-selloff-will-end">Stock Of The Day: Will Mondelez Rally? There&#8217;s A Chance The Selloff Will End</a>
X Price Action: At the time of writing, U.S. Steel shares were up 6.16% at $36.37, according to data from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.
Image via Shutterstock.

Movers

What's Going On With United States Steel Shares Monday?

Cleveland-Cliffs's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLF#NYSE">CLF</a>) short percent of float has fallen 22.2% since its last report. The company recently reported that it has 42.26 million shares sold short, which is 10.97% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.47 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Cleveland-Cliffs Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1736786716_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Cleveland-Cliffs has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Cleveland-Cliffs's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Cleveland-Cliffs's peer group average for short interest as a percentage of float is 4.38%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

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How Is The Market Feeling About Cleveland-Cliffs?

<a href="https://www.axios.com/2025/01/13/cleveland-cliffs-us-steel-nippon-steel-nucor" title="https://www.axios.com/2025/01/13/cleveland-cliffs-us-steel-nippon-steel-nucor">https://www.axios.com/2025/01/13/cleveland-cliffs-us-steel-nippon-steel-nucor</a>

'U.S. Steel Stock Jumps On Report Of Possible Bid From Cleveland-cliffs And Nucor; Company Will Be Holding A Press Conference At 1 p.m. ET' - Axios

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Benzinga Market Summary: Nasdaq Slides As Chip Stocks Fall On US Export Restrictions, Cleveland-Cliffs And Nucor Partner For Potential US Steel Bid, Lululemon Raises Guidance

The Offer Would Be In The High $30s/Share; Cleveland-Cliffs Would Purchase All Of U.S. Steel For All Cash And Then Sell Off The Big River Steel Subsidiary To Nucor

Cleveland-Cliffs Partners With Nucor In Potential Bid For U.S. Steel

Benzinga examined the prospects for <a href="http://www.benzinga.com/trading-ideas">many investors&#8217; favorite stocks</a> over the last week — here&#8217;s a look at some of our top stories.
The major indices experienced consecutive weekly losses, with the S&amp;P 500 falling 1.9%, the Nasdaq Composite dropping 2.3%, and the Dow sliding nearly 1.9% this week.
Wall Street&#8217;s post-election rally was erased amid rising concerns over interest rates, fueled by a strong labor market, soaring inflation expectations, and escalating geopolitical tensions as President-elect Donald Trump nears a return <a href="https://www.benzinga.com/news/25/01/42916780/donald-trump-receives-unconditional-discharge-in-new-york-hush-money-case-will-enter-white-house-as-convicted-felon">to the White House. </a>
December&#8217;s nonfarm payrolls surged to 256,000, far surpassing estimates, intensifying pressure on the Federal Reserve to curb inflation. Meanwhile, new sanctions targeting Russian oil companies and a spike in oil prices added <a href="https://www.benzinga.com/25/01/42928629/us-labor-market-smashes-expectations-wall-street-erases-post-election-rally-as-interest-rateanxiety-grows-this-week-in-the-markets">further market instability.</a>
Benzinga provides daily reports on the stocks most popular with investors. Here are a few of this past week&#8217;s most bullish and bearish posts that are worth another look.
<h3 class="wp-block-heading">The Bulls</h3>
&#8220;<a href="https://www.benzinga.com/25/01/42830046/amd-reveals-new-ai-processors-gaming-products-ahead-of-ces-2025-shares-rise">AMD Reveals New AI Processors, Gaming Products Ahead Of CES 2025, Shares Rise</a>,&#8221; by&nbsp;<a href="https://www.benzinga.com/author/piero-cingari">Piero Cingari</a>, highlights Advanced Micro Devices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) unveiling the Ryzen AI Max series processors and enterprise-focused Ryzen PRO chips, showcasing AI-powered performance innovations for PCs, laptops, and gaming devices, sparking investor optimism.
&#8220;<a href="https://www.benzinga.com/25/01/42825654/rivians-strong-deliveries-r2-line-plans-and-vw-jv-expansion-drive-analyst-optimism">Rivian&#8217;s Strong Deliveries, R2 Line Plans And VW JV Expansion Drive Analyst Optimism</a>,&#8221; by&nbsp;<a href="https://www.benzinga.com/author/anusuya-lahiri-0">Anusuya Lahiri</a>, highlights Rivian Automotive Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) achieving 51,579 EV deliveries in 2024, surpassing analyst expectations, with plans for its 2026 R2 line and expanded joint ventures with Volkswagen AG (OTC:<a class="ticker" href="https://www.benzinga.com/stock/VWAGY#OTC">VWAGY</a>) driving a positive outlook despite EV tax credit concerns.
&#8220;<a href="https://www.benzinga.com/25/01/42856421/from-earth-to-the-moon-intuitive-machines-and-nokia-launch-4glte-network">From Earth To The Moon: Intuitive Machines And Nokia Launch 4G/LTE Network</a>,&#8221; by&nbsp;<a href="https://www.benzinga.com/author/lekha-gupta">Lekha Gupta</a>, details the integration of Intuitive Machines Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LUNR#NASDAQ">LUNR</a>) and Nokia Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOK#NYSE">NOK</a>) technologies to deploy the first 4G/LTE lunar network during the IM-2 mission, enabling high-definition video and telemetry transmission via the Athena lander.
For additional bullish calls of the past week, check out the following:
<a href="https://www.benzinga.com/general/sports/25/01/42882919/netflix-q4-to-show-advertising-live-sports-strength-analyst-says-multiyear-narrative-of-compounded-growth">Netflix Q4 To Show Advertising, Live Sports Strength, Analyst Says: &#8216;Multiyear Narrative Of Compounded Growth&#8217;</a>
<a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/42919268/nike-analyst-turns-bullish-visible-recovery-story-in-2025">Nike Analyst Turns Bullish: &#8216;Visible Recovery Story&#8217; In 2025</a>
<a href="https://www.benzinga.com/government/regulations/25/01/42843001/taiwan-semiconductor-ramps-up-production-in-japan-us-and-germany-to-diversify-away-from-china">Taiwan Semiconductor Ramps Up Production in Japan, US, and Germany to Diversify Away from China</a>
The Bears
&#8220;<a href="https://www.benzinga.com/tech/25/01/42879725/nvidia-ceo-sends-quantum-stocks-lower-poll-finds-over-50-pick-rigetti-or-skip-for-2025">Nvidia CEO Sends Quantum Stocks Lower: Poll Finds Over 50% Pick Rigetti Or Skip For 2025</a>,&#8221; by&nbsp;<a href="https://www.benzinga.com/author/chris-katje">Chris Katje</a>, reports on Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) CEO Jensen Huang's cautionary remarks about quantum computing&#8217;s practical timeline impacting stocks like Rigetti Computing Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGTI#NASDAQ">RGTI</a>), Quantum Computing Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QUBT#NASDAQ">QUBT</a>), and D-Wave Quantum Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QBTS#NYSE">QBTS</a>), with Benzinga readers favoring Rigetti for 2025 despite steep declines.
&#8220;<a href="https://www.benzinga.com/25/01/42866225/notable-crypto-analyst-foresees-potential-dip-in-dogecoin-price">Dogecoin To Drop Further? Top Analyst Foresees Possible Dump For Memecoin If Bitcoin Doesn&#8217;t Bounce</a>,&#8221; by&nbsp;<a href="https://www.benzinga.com/author/aniket-verma">Aniket Verma</a>, highlights analysts' concerns about Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>), with one linking its potential decline to Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) failing to recover, while another foresees a drop to $0.30 amid ongoing crypto market weakness.
&#8220;<a href="https://www.benzinga.com/25/01/42768507/china-slaps-export-restrictions-on-dozens-of-us-companies-boeing-lockheed-martin-general-dynamics-raytheon-affected">China&#8217;s Export Crackdown Hits Boeing, Lockheed Martin, And More</a>,&#8221; by&nbsp;<a href="https://www.benzinga.com/author/erica-kollmann">Erica Kollmann</a>, highlights China&#8217;s export ban on dual-use items to 28 U.S. companies, including Boeing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>), Lockheed Martin Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>), General Dynamics Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GD#NYSE">GD</a>), and RTX Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>), as part of escalating trade tensions and retaliation for U.S. arms sales to Taiwan.
For more bearish takes, be sure to see these posts:
<a href="https://www.benzinga.com/25/01/42821300/biden-set-to-ban-future-offshore-oil-drilling-4-stocks-to-watch">Biden Set To Ban Future Offshore Oil Drilling: 4 Stocks, 2 ETFs To Watch</a>
<a href="https://www.benzinga.com/economics/macro-economic-events/25/01/42888800/goldman-sachs-flags-market-correction-risk-as-inflation-trump-policies-stir-uncertainty">Goldman Sachs Flags Market Correction Risk As Inflation, Trump Policies Stir Uncertainty</a>
<a href="https://www.benzinga.com/news/global/25/01/42825094/us-steel-nippon-steel-sue-biden-administration-cleveland-cliffs-union-in-response-to-blocked-merger">US Steel, Nippon Steel Sue Biden Administration, Cleveland-Cliffs, Union In Response To Blocked Merger</a>
Keep up with all the latest breaking news and trading ideas by following<a href="https://twitter.com/Benzinga"> Benzinga</a><a href="http://twitter.com/Benzinga"> on Twitter</a>.
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Benzinga Bulls And Bears: Rivian, Intuitive Machines, Rigetti Computing — And Dogecoin Analyst Foresees Drop To 30 Cents

GLJ Research analyst Gordon L. Johnson II upgraded Cleveland-Cliffs Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLF#NYSE">CLF</a>) to Buy from Sell rating with <a href="https://www.benzinga.com/quote/clf/analyst-ratings" target="_blank" rel="noreferrer noopener">a price forecast of $14.27</a>.
The analyst notes the U.S. economy is in worse shape than many acknowledge. With Donald Trump set to take office on January 20, 2025, and his pro-tariff policies likely impacting sectors like steel, the analyst foresee a potential rise in U.S. HRC prices in the near term.
In particular, the analyst says that following Trump&#8217;s win (November 2016), and Joe Biden&#8217;s win (November 2020), U.S. HRC spot prices rose by +25.5% and +65.9%, respectively, three months out. However, since Trump&#8217;s win on November 5, 2024, U.S. HRC spot prices have declined by 6.9%.
Also, the positive seasonality typically seen in the U.S. steel sector from January to April, and CLF&#8217;s stock performance in particular, raises the question: &#8220;Is now an opportune time to dip one&#8217;s feet back into the &#8216;long-U.S.-
steel-stocks pool&#8217;?&#8221; adds the analyst.
Notably, Johnson II states that from the month Trump was first elected to the month he lost to Biden, U.S. steel imports fell by a significant -51.1%, from 2.5 million tons to 1.2 million tons. This decline is often attributed to Trump&#8217;s pro-U.S. steel policies.
Incorporating Stelco&#8217;s additional tons into CLF&#8217;s 2025 estimated output, and assuming U.S. HRC prices rise to $900/ton in May 2025 before falling to $705/ton by July, the analyst estimate CLF&#8217;s 2025 aggregated steel price to be $1,055/ton, slightly higher than the consensus estimate of $1,050.22/ton.
For 2026, Johnson II forecast an average price of $1,068/ton, reflecting a +1.2% year-over-year increase, vs. the consensus estimate of $1,084.42/ton.
Consequently, the analyst project 2025 adjusted EBITDA and adjusted EPS of $945 million and -$0.56, respectively, vs. consensus estimates of $1.32 billion and -$0.09.
In 2026, the analyst expects adjusted EBITDA and adjusted EPS of $1.804 billion and $1.06, respectively, while the consensus estimates are $1.884 million and $0.69.
Investors can gain exposure to the stock via VanEck Steel ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLX#NYSE">SLX</a>) and SPDR S&amp;P Metals &amp; Mining ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XME#NYSE">XME</a>).
Price Action: CLF shares are up 1.26% at $10.03 at the last check Tuesday.
Read Next:
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<li><a href="https://www.benzinga.com/news/global/25/01/42825094/us-steel-nippon-steel-sue-biden-administration-cleveland-cliffs-union-in-response-to-blocked-merger" target="_blank" rel="noreferrer noopener">US Steel, Nippon Steel Sue Biden Administration, Cleveland-Cliffs, Union In Response To Blocked Merger</a></li>
</ul>
Photo by QinJin on Shutterstock.

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Analyst Sees US Steel Price Rebound Under Trump's Pro-Tariff Stance, Upgrades Cleveland-Cliffs Stock

GLJ Research analyst Gordon Johnson upgrades Cleveland-Cliffs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLF#NYSE">CLF</a>) from Sell to Buy and announces $14.27 price target.

GLJ Research Upgrades Cleveland-Cliffs to Buy, Announces $14.27 Price Target

United States Steel Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>) and Nippon Steel Corp. have filed lawsuits against the Biden administration in response to President Joe Biden&#8217;s blocking of the steelmakers&#8217; <a href="https://www.benzinga.com/trading-ideas/movers/25/01/42787508/biden-blocks-14-9b-us-steel-takeover-shares-plunge">$14.9 billion deal</a>.
What Happened: U.S. Steel and Nippon Steel filed multiple lawsuits on Monday in response to what the companies said is &#8220;wrongful interference&#8221; with Nippon&#8217;s proposed acquisition of U.S. Steel.
The companies are pushing to get the federal court to reconsider Biden&#8217;s decision so they can once again attempt to get the deal approved. U.S. Steel and Nippon Steel believe Biden&#8217;s decision was the result of a politically driven sham national security review, per Reuters.
U.S. Steel and Nippon Steel filed a lawsuit in the U.S. Court of Appeals for the District of Columbia Circuit alleging violation of the Constitutional guarantee of due process and statutory procedural requirements, as well as unlawful political influence.
The companies also filed a second lawsuit against Cleveland-Cliffs Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLF#NYSE">CLF</a>), Cliffs&#8217; CEO Lourenco Goncalves and USW President David McCall for alleged illegal and coordinated actions aimed at preventing the transaction and attempting to undermine the companies ability to compete.
&#8220;Today&#8217;s legal actions demonstrate Nippon Steel&#8217;s and U. S. Steel&#8217;s continued commitment to completing the Transaction — despite political interference with the CFIUS process and the racketeering and monopolistic conspiracies of Cleveland-Cliffs and USW President David McCall — for the benefit of all stakeholders, including U. S. Steel&#8217;s shareholders, who will receive the agreed upon $55.00 per share upon the Transaction closing,&#8221; the companies said in a statement.
&#8220;We remain confident that the Transaction is the best path forward to secure the future of U. S. Steel — and we will vigorously defend our rights to achieve this objective.&#8221;
The lawsuit also names Janet Yellen, in her official capacity as secretary of the Treasury and chairperson of CFIUS, and Merrick Garland, in his official capacity as U.S. attorney general.
Benzinga reached out to the Justice Department, Cleveland-Cliffs and the USW for comment.
Check This Out: <a href="https://www.benzinga.com/markets/equities/25/01/42806543/cleveland-cliffs-ceo-predicted-bidens-block-149b-nippon-steel-us-steel-deal-months-before-action">Cleveland-Cliffs CEO Predicted Biden&#8217;s Block $14.9B Nippon Steel-US Steel Deal Months Before Action</a>
The proposed $14.9-billion takeover deal was announced at the end of 2023. Biden said last year that&nbsp;<a href="https://www.benzinga.com/news/24/07/39613777/amid-opposition-from-biden-and-workers-nippon-steel-vc-returns-to-discuss-us-steel-acquisition" target="_blank" rel="noreferrer noopener">it was "vital"</a>&nbsp;that U.S. Steel remained a domestically operated American steel company. The proposed acquisition had become a major topic of discussion leading up to the&nbsp;presidential election in November.&nbsp;
The companies alleged in the lawsuit that Biden was politically motivated to squash the deal to &#8220;curry favor with the USW leadership in Pennsylvania in his bid for reelection.&#8221;
&#8220;As a result of President Biden&#8217;s undue influence to advance his political agenda, the Committee on Foreign Investment in the United States failed to conduct a good faith, national security-focused regulatory review process,&#8221;&nbsp;the companies alleged.
President-elect Donald Trump has also opposed the deal, voicing that the company should remain American-owned. In a post on Truth Social on Monday, Trump indicated that U.S. Steel is poised to become a &#8220;much more profitable&#8221; company due to tariffs. 
Trump<a href="https://truthsocial.com/@realDonaldTrump/posts/113781647532063909"> said</a>, &#8220;Wouldn't it be nice to have U.S. Steel, once the greatest company in the World, lead the charge toward greatness again? It can all happen very quickly!&#8221;
U.S. Steel shares are down about 34% over the past year. The stock was up 4.73% at $31.91 at publication Monday, while Cleveland-Cliffs shares were up more than 4.42% at $9.92, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
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Photo: QinJin on Shutterstock.

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US Steel, Nippon Steel Sue Biden Administration, Cleveland-Cliffs, Union In Response To Blocked Merger

On CNBC's &#8220;Mad Money Lightning Round,&#8221; Jim Cramer said he likes The Home Depot, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HD#NYSE">HD</a>) and <a href="https://www.benzinga.com/quote/HD/earnings">recommended buying the stock.</a>
On Nov. 12, Home Depot beat its third-quarter earnings estimates and lifted its full-year 2024 outlook. HD reported third-quarter sales growth of 6.6% year-over-year to $40.217 billion, beating the consensus estimate of $39.173 billion.
&#8220;You got to ring the register on some of that,&#8221; Cramer said when asked about SoundHound AI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOUN#NASDAQ">SOUN</a>). &#8220;At this point, it is a short squeeze and a short squeeze only.&#8221;
On Dec. 23, HC Wainwright &amp; Co. analyst Scott Buck maintained SoundHound AI with a Buy and raised the price target from $8 to $26.
Hafnia Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HAFN#NYSE">HAFN</a>) looks &#8220;so juicy. Those are stocks that you must avoid,&#8221; Cramer said.
On Nov. 27, Hafnia reported better-than-expected third-quarter financial results.
When asked about Cleveland-Cliffs Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLF#NYSE">CLF</a>), he said, &#8220;The steel stocks are the worst stocks in the market. And I think that you could buy the stock, and if you're willing to take a point or two down, then I think it's ok. But you have to accept the fact that that's exactly what could occur.&#8221;
On Jan. 3, Cleveland-Cliffs named Jane M. Cronin to its Board of Directors, effective immediately.
Price Action:
<ul>
<li>SoundHound shares gained 2.3% to settle at $20.62 on Friday.</li>
<li>Hafnia shares fell 3% to close at $5.55 during the Friday session.</li>
<li>Home Depot shares gained 0.2% to settle at $389.18.</li>
<li>Cleveland-Cliffs shares fell 0.4% to settle at $9.50 on Friday.</li>
</ul>
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<li><a href="https://www.benzinga.com/analyst-ratings/price-target/25/01/42791037/delta-air-lines-earnings-are-imminent-these-most-accurate-analysts-revise-forecasts-ahead-of-earnings-call">Delta Air Lines Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call</a></li>
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Photo by s_bukley on Shutterstock.

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HAFN

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Cramer: 'At This Point,' SoundHound AI Rally 'Is A Short Squeeze'

First lawsuit filed in U.S. Court of Appeals for the District of Columbia Circuit challenging violation of the Constitutional guarantee of due process and statutory procedural requirements, as well as unlawful political influence, and asking the court to set aside the CFIUS review process and President Biden's blocking order Second lawsuit filed in U.S. District Court for the Western District of Pennsylvania against Cleveland-Cliffs, Cliffs' CEO Lourenco Goncalves, and USW President David McCall for their illegal and coordinated actions aimed at preventing the transaction and attempting to undermine U. S. Steel's ability to compete and Nippon Steel's ability to provide American-made steel to American consumers Determined that these legal actions are the necessary path toward closing the transaction and delivering shared success for U. S. Steel employees, communities, shareholders, and customers
&nbsp;
Today's legal actions demonstrate Nippon Steel's and U. S. Steel's continued commitment to completing the Transaction – despite political interference with the CFIUS process and the racketeering and monopolistic conspiracies of Cleveland-Cliffs and USW President David McCall – for the benefit of all stakeholders, including U. S. Steel's shareholders, who will receive the agreed upon $55.00 per share upon the Transaction closing. We remain confident that the Transaction is the best path forward to secure the future of U. S. Steel – and we will vigorously defend our rights to achieve this objective."

Nippon Steel, U. S. Steel File Multiple Lawsuits In Response To Wrongful Interference With Proposed Acquisition Of U. S. Steel

Cleveland-Cliffs Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLF#NYSE">CLF</a>) CEO Lourenco Goncalves repeatedly predicted President Joe Biden would block Nippon Steel Corp.&#8216;s (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NPSCY#OTC">NPSCY</a>) <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/42792034/biden-blocks-us-steel-deal-whats-next-for-x-stock">proposed $14.9 billion acquisition</a> of United States Steel Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>) months before it happened, according to documents submitted to federal regulators.
In at least nine investor calls throughout 2024, Goncalves, whose company&#8217;s own $7 billion bid for U.S. Steel was rejected in August 2023, expressed confidence the deal would fail, reported Reuters on Sunday. 
&#8220;I can&#8217;t force U.S. Steel to sell to me, but I can work my magic to make a deal that I don&#8217;t agree with not to close,&#8221; he told investors during a JP Morgan conference on Mar. 13, according to a letter from Nippon Steel&#8217;s lawyers to CFIUS.
The revelation comes after Biden blocked the Japanese steelmaker&#8217;s bid on Mar. 14, citing national security concerns. The White House stated Goncalves&#8217; comments did not influence the decision. Cleveland-Cliffs and Goncalves declined to comment on the matter.
The deal faced mounting political pressure, with both Biden and President-elect Donald Trump opposing foreign ownership of U.S. Steel, particularly after the United Steelworkers union expressed concerns. U.S. Steel said it will continue fighting for the deal.
Price Action: United States Steel Corp. closed at $30.47 on Friday, down 6.53% for the day. In after-hours trading, the stock slightly recovered by 1.08%. Over the past year, U.S. Steel&#8217;s stock has fallen by 36.98%, according to <a href="https://www.benzinga.com/pro/">data from Benzinga Pro</a>. Nippon Steel Corp. is currently trading at 3,150 JPY, down 1.01% at the time of writing this article.
Read Next: 
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<li><a href="https://www.benzinga.com/news/25/01/42804461/sanders-backs-trumps-credit-cap-carters-passing-trumps-response-to-nola-attack-and-more-this-week-in-politics">Sanders Backs Trump&#8217;s Credit Cap, Carter&#8217;s Passing, Trump&#8217;s Response To NOLA Attack And More: This Week In Politics</a></li>
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Image Via Shutterstock 
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Cleveland-Cliffs CEO Predicted Biden's Block $14.9B Nippon Steel-US Steel Deal Months Before Action

United States Steel Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>) is caught in a whirlwind of challenges. From technical bearish signals to a major acquisition roadblock, the <a href="https://www.benzinga.com/quote/X/news">stock is under pressure</a>. 
Yet, analysts believe opportunities may still exist for investors willing to ride out the storm.
<h2 class="wp-block-heading">Bearish Signals Dominate X Stock Charts</h2>
US Steel's stock performance has been disappointing, with a 36.74% decline over the past year, compounded by 22.76% and 19.64% drops in six months and the past month, respectively. 
<figure class="wp-block-image size-full"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent010325&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="625" height="492" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/03113045/Screenshot-2025-01-03-at-10.00.25-PM.png" alt="" class="wp-image-717452" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/03113045/Screenshot-2025-01-03-at-10.00.25-PM.png 625w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/03113045/Screenshot-2025-01-03-at-10.00.25-PM-300x236.png 300w" sizes="(max-width: 625px) 100vw, 625px" /></a></figure>
<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent010325&amp;t=be2bearmibe3na1" target="_blank" rel="noreferrer noopener">Chart created using Benzinga Pro</a>
Key technical indicators suggest bearish momentum is strong. The stock price of $30.48 is below its eight, 20, 50 and 200-day simple moving averages, with the MACD indicator at a negative 1.63 reinforcing a negative outlook.
Read Also: <a href="https://www.benzinga.com/markets/25/01/42780788/us-steel-tumbles-nearly-10-in-overnight-trading-on-robinhood-as-biden-reportedly-plans-to-block-149b-nippon-steel-merger">US Steel Tumbles Nearly 10% In Overnight Trading On Robinhood As Biden Reportedly Plans To Block $14.9B Nippon Steel Merger</a>
<h2 class="wp-block-heading">Biden Blocks NSC's $55-Per-Share Bid</h2>
In a dramatic twist, President Joe Biden officially blocked Nippon Steel Corp's (OTCPK:NISTF) (OTCPK:NPSCY) $55-per-share bid for US Steel, citing national security and supply chain concerns. This decision ends the 382-day acquisition saga, leaving both <a href="https://www.benzinga.com/trading-ideas/movers/25/01/42787508/biden-blocks-14-9b-us-steel-takeover-shares-plunge">US Steel and NSC reeling.</a>
JPMorgan analyst Bill Peterson expects a sharp decline in the stock, potentially into the high $20s. However, he remains constructive, with a valuation outlook above $40, emphasizing US Steel&#8217;s growth prospects.
<h2 class="wp-block-heading">What Lies Ahead?</h2>
Peterson outlines two potential paths for US Steel. The company could remain a standalone entity, focusing on its Big River Steel operations and transitioning legacy blast furnace assets. 
Alternatively, domestic players like Cleveland-Cliffs Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLF#NYSE">CLF</a>) may bid for parts of the company. Cleveland-Cliffs has already shown interest in acquiring blast furnace assets, though antitrust issues could complicate a deal.
<h2 class="wp-block-heading">Market Challenges Add Pressure</h2>
The steel market itself is not providing much relief. Hot-rolled coil prices, currently at $694–$675 per ton, remain well below benchmarks set by competitors like Nucor Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NUE#NYSE">NUE</a>) and Cleveland-Cliffs. 
With auto demand softening and construction activity reliant on potential rate cuts, the outlook for steel pricing through 2025 remains cautious, the analyst notes.
<h2 class="wp-block-heading">Long-Term Potential</h2>
Despite the current turbulence, Peterson highlights US Steel's growth drivers, including the Big River Steel expansion and new product lines. 
He sees the stock's standalone valuation supported by these initiatives, although investors may need patience to realize gains.
<h2 class="wp-block-heading">Takeaway</h2>
While US Steel faces immediate hurdles, its long-term potential remains intact, particularly if market dynamics improve or strategic domestic deals materialize. 
Investors should weigh these factors carefully as the company navigates a challenging landscape.
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Photo: Vladimir Mulder/Shutterstock.com

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Biden Blocks US Steel Deal: What's Next For X Stock?

Rumors

Watching Cleveland-Cliffs; Hearing M&A Blog Suggesting Company May Attempt To Acquire United States Steel

President Joe Biden is expected to announce his decision on Nippon Steel&#8216;s (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NPSCY#OTC">NPSCY</a>)&nbsp; $14.9 billion acquisition of United States Steel Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>) as soon as Friday, despite previously expressing opposition to foreign ownership of the iconic American steelmaker.
In a last-minute effort to secure approval, Nippon Steel proposed giving the U.S. government direct veto power over production changes at U.S. Steel&#8217;s facilities, <a href="https://www.cbsnews.com/news/biden-to-announce-decision-us-steel-nippon-as-early-as-friday/">reported</a> CBS News on Thursday, citing sources.
The Japanese steelmaker also offered a 10-year guarantee maintaining production levels at mills across six states, subject to Committee on Foreign Investment approval.
While key CFIUS members including the Justice, Treasury, and State Departments support the deal, U.S. Trade Representative Katherine Tai has raised labor-related concerns. Sources according to the report indicate U.S. Steel may pursue legal action if Biden blocks the acquisition, potentially targeting the administration and rival Cleveland-Cliffs Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLF#NYSE">CLF</a>).
Price Action: U.S. Steel shares closed at $32.60 on Thursday, down 4.09%, before recovering 1.38% in after-hours trading, according to <a href="https://www.benzinga.com/pro/">data from Benzinga Pro</a>. Nippon Steel shares were seen trading 1.2% higher at JPY 3,182 ($20.23) in Tokyo at the time of writing.
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</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Joe Biden To Decide On Nippon Steel's $14.9B US Steel Acquisition On Friday Amid Veto Offer, Labor Concerns

A key U.S. government panel has reached an impasse over Nippon Steel&#8216;s (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NPSCY#OTC">NPSCY</a>) $14.9 billion bid for United States Steel Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>), shifting the final decision to President Joe Biden amid <a href="https://www.benzinga.com/news/global/24/12/42502247/trumps-ex-secretary-of-state-mike-pompeo-backs-nippon-steels-149b-acquisition-of-us-steel-citing-national-security-concerns">mounting national security concerns</a>.
The Committee on Foreign Investment in the United States delivered its split decision on Monday, citing potential risks to domestic steel production, The Washington Post <a href="https://www.washingtonpost.com/business/2024/12/23/nippon-steel-us-steel-biden/">reported</a>, citing sources.
A White House spokesperson, as cited in the report, confirmed the referral and stated, "The President will review the evaluation."
While Nippon Steel offered to appoint U.S. citizens to top management positions as a remedy, the panel remained divided on the effectiveness of these measures.
The development adds complexity to a deal that has faced <a href="https://www.benzinga.com/markets/equities/24/09/40825269/biden-and-harris-push-to-block-14-1b-us-steel-acquisition-by-nippon-steel-faces-committee-delay-">opposition from Biden since March</a>. The President, who must decide within 15 days, has previously emphasized the importance of keeping U.S. Steel under American ownership.
The United Steelworkers union, led by President David McCall, has strongly opposed the acquisition. Meanwhile, Nippon Steel and U.S. Steel have warned of immediate legal challenges if the deal is blocked, claiming in a Dec. 17 letter that the review process has been influenced by political considerations.
Cleveland-Cliffs Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLF#NYSE">CLF</a>), which lost the bidding war for U.S. Steel, has also emerged as a key opponent of the Japanese acquisition.
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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Joe Biden Faces Decisive Call On Nippon Steel's $14.9B Bid For US Steel Amid National Security Concerns

The most oversold stocks in the materials sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the<a href="https://www.benzinga.com/topic/rsi"> RSI is below 30</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>.
Here's the latest list of major oversold players in this sector, having an RSI near or below 30.
<h3 class="wp-block-heading">Commercial Metals Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMC#NYSE">CMC</a>)</h3>
<ul>
<li>On Dec. 12, UBS analyst Curt Woodworth downgraded Commercial Metals from Buy to Sell and lowered the price target from $62 to $56. The company's stock fell around 19% over the past month and has a <a href="https://www.benzinga.com/quote/CMC">52-week low of $47.42</a>.</li>
<li>RSI Value: 27&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li>CMC Price Action: Shares of Commercial Metals gained 1.5% to close at $50.27 on Friday.</li>
<li>Benzinga Pro's real-time newsfeed alerted to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent122324&amp;t=be2bearmibe3na1">latest CMC news.</a> </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent122324&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="907" height="838" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/23082656/image-185.png" alt="" class="wp-image-704163" style="width:586px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/23082656/image-185.png 907w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/23082656/image-185-300x277.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/23082656/image-185-768x710.png 768w" sizes="(max-width: 907px) 100vw, 907px" /></a></figure>
<h3 class="wp-block-heading">Cleveland-Cliffs Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLF#NYSE">CLF</a>)</h3>
<ul>
<li>On Dec. 19, Citigroup analyst Alexander Hacking maintained Cleveland-Cliffs with a Neutral and lowered the price target from $12.5 to $11. The company's stock fell around 25% over the past month and<a href="https://www.benzinga.com/quote/CLF"> has a 52-week low</a> of $9.13.</li>
<li>RSI Value: 28</li>
<li>CLF Price Action: Shares of Cleveland-Cliffs gained 0.5% to close at $9.38 on Friday.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent122324&amp;t=be2bearmibe3na1">trend in CLF stock</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent122324&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="916" height="845" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/23082719/image-186.png" alt="" class="wp-image-704164" style="width:541px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/23082719/image-186.png 916w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/23082719/image-186-300x277.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/23082719/image-186-768x708.png 768w" sizes="(max-width: 916px) 100vw, 916px" /></a></figure>
<h3 class="wp-block-heading">Quaker Chemical Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KWR#NYSE">KWR</a>)</h3>
<ul>
<li>On Nov. 18, Quaker Houghton board appointed Joseph Berquist as CEO and President, and a member of Board. The company's stock fell around 15% over the past month and has a 52-week <a href="https://www.benzinga.com/quote/KWR">low of $137.65</a></li>
<li>RSI Value: 24</li>
<li>KWR Price Action: Shares of Quaker Chemical fell 1.7% to close at $138.61 on Friday.</li>
<li>Benzinga Pro&#8217;s signals feature notified of a potential breakout in <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent122324&amp;t=be2bearmibe3na1">KWR shares</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent122324&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="860" height="843" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/23082832/image-187.png" alt="" class="wp-image-704169" style="width:574px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/23082832/image-187.png 860w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/23082832/image-187-300x294.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/23082832/image-187-768x753.png 768w" sizes="(max-width: 860px) 100vw, 860px" /></a></figure>
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Pre-Market Outlook

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